1131 S Broom St
Listing Notes
Discover a rare and high-yield investment opportunity with this versatile multi-structure property situated on a single parcel in Wilmington's Cleland Heights. This unique setup features two distinct buildings, offering a great mix of four move-in ready renovations and significant value-add potential. The first structure is a two-story building housing two fully updated upper-level apartments and a large driveway offering plenty of off-street parking. These two-bedroom units feature top-to-bottom improvements, including durable LVP flooring, modern grey cabinetry, and bright white bathrooms, all supported by new 2023 HVAC systems and private in-unit laundry. Below them, a large lower-level space with existing bath presents a prime opportunity to build out a fifth unit (3-bed), a professional office, or functional garage bays. The second structure is a classic Cape Cod divided into a spacious two-bedroom unit on the main level and a three-bedroom unit on the 2nd floor. The upper unit features a private mudroom entrance, original solid hardwoods, and a kitchen with dark cabinetry, while the large lower unit has a fully renovated kitchen and an updated bathroom with marble tile surrounds. This unit can function as a 3-bed if desired by the tenants. Both Cape Cod units include their own laundry and fresh paint throughout. Further adding to the value, the Cape Cod building includes a full basement with separate gas boilers and separately metered electric, offering excellent storage or the potential for a sixth unit conversion. Whether you are looking for a solid house-hacking setup or a high-performing addition to your rental portfolio, this property delivers updated finishes and plenty of room to grow your equity in one package.
Price in context
Cheaper than 0% of the 15 homes listed nearby right now, which run $319,900 to $580,000.
See all 15 nearby listings
| Address | Asking | Size |
|---|---|---|
| 105 Temple Ter | $319,900 | 4 bd · 3 ba |
| 1401A Brown St | $319,900 | 3 bd · 2.5 ba |
| 1504 Saint Elizabeth St | $320,000 | 3 bd · 2 ba |
| 713 S Broom St | $325,000 | 4 bd · 2 ba |
| 1401B Brown St | $327,900 | 3 bd · 2.5 ba |
| 1 Latimer Dr | $329,900 | 4 bd · 1.5 ba |
| 704 S Rodney St | $330,000 | 4 bd · 3 ba |
| 1401C Brown St | $332,900 | 3 bd · 2.5 ba |
| 714 S Broom St | $339,900 | 5 bd · 2.5 ba |
| 2 Yale Rd | $359,900 | 4 bd · 3 ba |
| 1800 Banning St | $360,000 | 7 bd · 2.5 ba |
| 706 S Clayton St | $375,000 | 4 bd · 3 ba |
| 710 S Clayton St | $389,900 | 3 bd · 2.5 ba |
| 96 9th Ave | $450,000 | 3 bd · 2.5 ba |
| 5 6th Ave | $485,000 | — |
Where it is
For sale Coming soon Recently sold— zoom out for more