837 W 4TH Street, Wilmington, DE 19801

This mixed-use property in Wilmington presents a cash-flow investment opportunity with a strong rental history. The building features a first-floor space previously used as a salon, along with two 2-bedroom apartments. Total rents are approximately $4,000 per month. Many major systems have been replaced in recent years, including water heaters, electrical panels, and windows, along with many interior finishes. The first floor, formerly a hair salon, has a highly visible entrance with signage facing 4th Street and Adam Street on this corner property. It includes a waiting area, a main salon area, a wash area with two stations, and a studio space for private styling, along with a half bathroom. The apartments are accessed through a side entrance on Adams Street. The second-floor apartment is currently occupied by a tenant with a rent of $1,200 per month, who pays for electric and gas. It includes two bedrooms with closets, an updated bathroom, a kitchen with counter space, a compact refrigerator, and cabinetry, and a living room with natural light. The third-floor apartment has a similar layout to the second floor and is currently vacant, having been recently painted, updated with new flooring, and refreshed. Estimated rent is $1,200 per month. The basement contains separate utilities for the units, including four electrical panels, three hot water heaters, and three gas furnaces, with two located in the basement and one located in a closet within the third-floor apartment. The basement also provides additional storage space. The property is located just off Adams Street and 4th Street, walkable to the central business district, shopping, dining, convenience stores, transportation, the train station, bus routes, and other Center City amenities. The lot size is 0.02 acres and the property size is 2268 square feet.