tomo logo

$160,000

Beds
3
Baths
1.0
sq ft
1,050

603 Maryland Ave, Wilmington, DE 19805

603 Maryland Ave

WILMINGTON, DE 19805

  • 21 days on market
Investors, take note! This newly renovated (2022) 3-bedroom, 1-bathroom home is a fantastic opportunity to add to your portfolio. With a tenant already in place, this property generates $1,215 in monthly rental income, providing immediate cash flow. Recent updates include a brand-new furnace installed in January 2025, ensuring long-term efficiency and comfort. The home features modern upgrades, a functional layout, and a prime location close to shopping, dining, and major roadways—making it highly desirable for renters. With a strong rental history and turnkey investment potential, this property is a must-see for any investor looking for a hassle-free addition to their portfolio.

Details

Property type

Townhouse

Est. home value

$121,630

Lot size

871 sq ft

Price per sq ft

$153

Year built

1904

Annual property taxes

$972

HOA

No

Price History

03/18/2025
Bright

Bright #DENC2077878

Listed
$160,000

Schools & Community

Neighborhood: 

Hedgeville

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CHRISTINA

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

3 Wms Llc

Loan start date

May 2022

Original loan amount

$1,062,500

Est. remaining balance

Not provided

Interest rate

4.16%

Loan type

Commercial, 2 year

Seller

Frec Vii Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/08/2025 at 8:50 PM

Listing updated: 03/18/2025 at 5:24 PM

Listed by: Jessica Stiner, RE/MAX Edge Phone #: (302) 442-4200

MLS: Bright #DENC2077878

Bright logo

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