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607 N Lincoln Street

WILMINGTON, DE 19805
  • $450,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: DENC2031896
UPDATED: 67 min ago
$450,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
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.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-30T16:53:59.733.
www.execuhome.com/homes/134424824
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607 N Lincoln Street WILMINGTON, DE 19805

  • Price: $450,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 67 min ago
  • ID#: DENC2031896
0
Beds
0
Baths
0
½ Baths
0.08
Acres
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

Construction Materials BrickVinyl Siding Garage YN No Other Equipment See Remarks Parking Types On Street Property Condition GoodAverage Riparian Rights YN No Roof Flat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3485.00 Cooling Ductless/Mini-SplitMulti Units 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. Net Square Feet 3485.00 Security Features Fire Detection SystemElectric AlarmExterior CamerasSprinkler System - IndoorSmoke DetectorSurveillance Sys

Property Features

Acceptable Financing ConventionalCashPrivate Accessibility Features Ramp - Main Level Annual Gross Expense 9007.00 Assessment Year 2022 Association Expense 0.00 Business Type Apartment BuildingRestaurant/Bar Central Air YN No Cooling Fuel Electric Cross Street Union Electric Expense 0.00 Gross Income 46800.00 Heating Fuel Electric Hot Water Natural Gas Insurance Expense 2400.00 Lease Considered YN No Maintenance Expense 1000.00 Navigable Water YN N Net Operating Income 35453.00 New Construction YN No Number Of Units Total 0 Operating Expense 9007.00 Operating Expense Includes Management FeesRepair/MaintenanceSewerSnow RemovalWaterInsurance Original MLSNumber 801898793216 Owner Pays Common Area MaintenanceInsuranceManagementRepairsSewerSnow RemovalTaxes - Real EstateWater Ownership Interest Fee Simple Possession Negotiable Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 4460.00 Tax Assessment Amount 97400.00 Tax Lot 073 Total Actual Rent 46800.00 Trash Expense 0.00 Utilities Electric AvailableNatural Gas AvailableSewer AvailablePhone Connected Vacation Rental YN No Water Source Public Year Built Effective 2001 Zoning 26C-2

Listing courtesy of Bhhs Fox & Roach-Concord: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-11-30T16:53:59.733.
 
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