Skip To Content

607 N Lincoln Street

WILMINGTON, DE 19805
  • $450,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: DENC2031892
$450,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,485
    SQFT
  • $129
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

School District:

Description

Welcome to 607 N Lincoln Street! This building consists of 2 apartments and the very popular Go Vegan Philly restaurant. Conveying with the sale of this property is all of the commercial appliances, the bar, and most of the table and chairs within the restaurant. The building also includes a 1 bedroom apartment with a long term tenant on a month to month lease paying $700 and a 2 bedroom apartment on a month to month lease paying $1,200. All appliances in the apartments were replaced in 2019, including the washers and dryers in the apartment units. The HVAC and windows in the front of the building were recently updated. The owner pays 50% of the water bill and bills the restaurant tenant for the remainder. Each unit has separate gas and electric meters and the tenants are responsible for paying these utilities. The property is being sold as-is.

Monthly Payment Calculator

www.marylandshoreliving.com/homes/134424827
Print Image

607 N Lincoln Street WILMINGTON, DE 19805

  • Price: $450,000
  • Status: Active
  • On Site: 25 Days
  • MLS #: DENC2031892
0
Beds
0
Baths
0
½ Baths
0.08
Acres
3,485
SQFT
$129
$/SQFT
1940
Built
Neighborhood:
Wilmington (30906)
County:
New Castle
Area:
Wilmington (30906)
School District:
Red Clay Consolidated
Property Description
Welcome to 607 N Lincoln Street! This building consists of 2 apartments and the very popular Go Vegan Philly restaurant. Conveying with the sale of this property is all of the commercial appliances, the bar, and most of the table and chairs within the restaurant. The building also includes a 1 bedroom apartment with a long term tenant on a month to month lease paying $700 and a 2 bedroom apartment on a month to month lease paying $1,200. All appliances in the apartments were replaced in 2019, including the washers and dryers in the apartment units. The HVAC and windows in the front of the building were recently updated. The owner pays 50% of the water bill and bills the restaurant tenant for the remainder. Each unit has separate gas and electric meters and the tenants are responsible for paying these utilities. The property is being sold as-is.
Exterior Features

Architectural Style Dwelling With Rental Construction Materials BrickVinyl Siding Garage YN No Other Structures Above GradeBelow Grade Parking Features Public Parking Types On Street Pool No Pool Riparian Rights YN No Roof FlatTar/Gravel Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 3485 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Multi UnitsDuctless/Mini-Split Fireplace YN No Heating Baseboard - Electric Heating YN Yes Inclusions All Commercial AppliancesRestaurant Table And ChairsBar AmenitiesAll Shelving in Restaurant And Also in FreezerCookware And Table Setting And Additional Restaurant items in Basement. Security Features Electric AlarmSmoke DetectorSprinkler System - IndoorSurveillance Sys Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 1 Units Furnished None

Property Features

Acceptable Financing ConventionalCashPrivate Accessibility Features Ramp - Main Level Assessment Year 2022 Central Air YN No Cooling Fuel Electric Cross Street Union Existing Lease Type Long TermYearly Gross Income 46800.00 Heating Fuel Electric Historic YN No Hot Water Natural Gas Insurance Expense 2400.00 Maintenance Expense 1000.00 Navigable Water YN N Net Operating Income 35453.00 New Construction YN No Number Of Units Leased 3 Number Of Units Total 3 Number Of Units Vacant 0 Operating Expense 9007.00 Operating Expense Includes Snow RemovalInsurance Original MLSNumber 801898701460 Owner Pays Common Area MaintenanceInsuranceManagementRepairsSewerSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Possession Negotiable Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Over Storefront Tax Annual Amount 4460.00 Tax Assessment Amount 97400.00 Tax Lot 073 Total Actual Rent 46800.00 Transportation Bus Stop Less Than 1 MileCommuter Rail Station 1 To 5 Miles Vacation Rental YN No Water Source Public Zoning 26C-2 Zoning Description Mixed-Use

 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801898701460-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801898701460-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_801898701460-2.jpg
Logo
Maryland Shore Living | Benson & Mangold Real Estate
31 Goldsborough Street
Easton MD, 21601