138 Lower Oak St, Wilmington, DE 19805

Property Description

Investor Alert! Here’s your chance to get great value on a fix-and-flip or fix-and-hold rental property in the city, located in the popular Browntown community of Wilmington, Delaware. In the last year alone, similar homes within 0.25 miles have sold for between $83,000 and $261,000. Priced at 43 percent of the New Castle county assessed value it could be a great ROI. In this area within a half a mile renter averaging about $1.32 a square foot. Contact the listing agent for full details. This oversized end-unit home offers a solid block and stucco exterior, a fenced yard, and plenty of on-street parking — checking the boxes for value-minded investors. The corner-style entrance opens to a spacious living room with windows on both sides, filling the space with natural light. This room is large enough to divide into separate living and dining areas. Toward the back, the eat-in kitchen offers generous space. You can clean up what's there or start fresh — your choice. Beyond the kitchen is a combined mudroom and laundry area, as well as the first FULL bathroom on the main floor with a stand-up shower. Upstairs, you'll find three bedrooms, including a very roomy front bedroom with double closets. A second FULL bathroom is also located on this level, along with two additional bedrooms with great light. Out back, there's a private back yard with a chain-link fence and rear alley access — a convenient perk of the corner lot. The basement houses the oil burner, water heater, and main electric panel, and offers additional space for storage or projects. A Bilco door provides walk-out access to the sidewalk for convenience. The roof is believed to be under 10 years old, but the condition of systems and appliances is unknown. The property needs a full renovation and is being sold STRICTLY AS_IS. Agents and their buyers: please use caution during showings, as the home is cluttered and may have signs of prior critter activity. Buyer is responsible for clean-out, and inspections will be for informational purposes only with no termination rights. This is a fantastic opportunity in a sought-after location with easy access to downtown Wilmington, the Riverfront, and major highways — a smart addition to any investor’s portfolio. MULTIPLE OFFERS Offer deadline: midnight Sunday, October. 5 The sellers will respond to offers as soon as possible