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About This Home
This 0-bedroom, 0-bathroom residential multi family at 109 STROUD Street in WILMINGTON, DE is listed for $450,000 ($96 per sqft). Built in 1960, the home offers 4,701 sqft of living space on a 0.09 acres lot.
Prime redevelopment opportunity in a growing Wilmington corridor. This 4,701 square foot commercial building, originally constructed in 1960, offers significant upside for investors and developers seeking a value-add project. The property requires substantial renovation but presents a strong foundation for repositioning.
Zoning and layout may support a residential conversion of 10+ units, with the potential for a higher unit count depending on design and approvals (buyer to verify; variance likely required). The site offers flexibility for those looking to explore ways to maximize density and overall value. Ideal for experienced investors looking to capitalize on Wilmington's rental demand and redevelopment trends. Property is being sold strictly as-is. Bring your vision and unlock the full potential of this sizable asset.
Key Features
- Built in 1960
- 0.09 acre lot
Property Details
Monthly Cost Estimate
$2,407/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
109 STROUD Street
WILMINGTON, DE 19805
Property Details
Construction
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 109 STROUD Street is listed at $450,000 ($96/sqft). The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.
Key features include: Built in 1960, 0.09 acre lot.
This property is listed by Mark Stape and can be reached at 3022029855 or mark.stape@compass.com.