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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2000
Sq.Footage
3,074
Rare opportunity to acquire a portfolio of 17 garage units, including one oversized double garage, offering immediate income potential with additional upside. Currently, 13 garages are tenant occupied with 4 vacant units, providing the opportunity to increase cash flow through lease-up or owner use. Significant capital improvements have already been completed, making this a low-maintenance investment. All garage roofs were repaired or replaced between 2023 and 2024, and nearly every garage door was replaced during the same period. One garage features a custom-built wooden door, designed to accommodate a long-term tenant's oversized vehicle that exceeds the height of a standard overhead door. Whether you're looking to expand your investment portfolio, generate passive income, or provide secure storage solutions in a high-demand area, this unique property offers exceptional flexibility and value. With multiple tenants already in place and several vacant units ready to lease, investors have the opportunity to realize immediate income while increasing returns over time. Don't miss this rare chance to own a well-maintained collection of garages with strong income-producing potential in the City of Wilmington.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Parking
Other
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.16
-
Lot Size(square feet)
6,970
-
Property Type
Commercial Sale
Price
-
Sales Price
$199,000
-
Tax Amount
$1,293.68
-
Financing Options
Cash
-
Zoning
Residential
-
Sq. Footage
3,074
-
Price/SqFt
$64
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Tax Lot
39
-
Water Source
None
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Location
County
NEW CASTLE
Elementary School
Middle School
High School
Listing Courtesy of Casey Riffel, Coldwell Banker Realty
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Salesperson, Realtor
Randy Perrell
Call Randy today to schedule a private showing.
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