Waterfront Residential Income
For Sale
$225,000
1960 SUPERFINE LANE Unit 90, Wilmington, DE 19802
Two-level living includes creek-facing windows, a community kayak dock, and storage for residents’ kayaks.
Property Size1,175 SF
Price / SF$191.49
Days on Market212
Property Features for 1960 SUPERFINE LANE Unit 90
General Information
Standard status
Active
Size
1,175 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,217
Amenities
community BBQ area
private kayak dock with storage
Building Details
Building Size
1,175 SF
Year Built
1988
Listing Agency:
Keller Williams Real Estate - West Chester
Listed By:
Deneen Sweeney · License #RS-0023053
(484) 888-3177
Source:
Harrisonpropertiesltd
Added: Apr 3
Changed: Oct 26
Last Checked: Oct 26 at 3:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Real Estate - West Chester
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Investment Insights
Based on property information with market context.
This 1,175-square-foot, two-story condominium was built in 1988 and has views of Brandywine Creek. The living room has three floor-to-ceiling windows with electronic shades. The updated kitchen includes granite countertops, stainless steel appliances, a built-in wine refrigerator, upgraded cabinetry, and a butler’s pantry nook. Upstairs are two bedrooms and two full bathrooms; the primary suite has a stone accent wall and electric fireplace. A compact washer and dryer are located on the main floor.
Community amenities include a BBQ area and a private kayak dock with storage. Optional rented parking is available. The condominium fee covers exterior maintenance, water, sewer, trash, exterior security cameras, and snow removal. The property is in downtown Wilmington, with dining, shopping, and Brandywine Park within walking distance, plus access to I-95 and Route 202.
Community amenities include a BBQ area and a private kayak dock with storage. Optional rented parking is available. The condominium fee covers exterior maintenance, water, sewer, trash, exterior security cameras, and snow removal. The property is in downtown Wilmington, with dining, shopping, and Brandywine Park within walking distance, plus access to I-95 and Route 202.
Key Highlights
- 1,175‑square‑foot, two‑story condominium with Brandywine Creek views
- Living room features three floor‑to‑ceiling windows with electronic shades
- Kitchen includes granite countertops, stainless steel appliances, and a built‑in wine refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,130
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,600
$222.6K
Cap Rate 7%
$159,000
$159.0K
Cap Rate 9%
$123,667
$123.7K
Market Conditions
NOI Build-Up for 1,175 SF
Gross rent
$21.6K $18.36/SF
− Vacancy
−$1.3K −$1.14/SF
EGI
$20.2K $17.22/SF
− OpEx
−$9.1K −$7.75/SF
NOI
$11.1K $9.47/SF
Area
New Castle County, DE
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,600
Cap Rate 7%
$159,000
Cap Rate 9%
$123,667
Alternative Uses
Best Use
Apartment 5plus
$159.0K
$139.1K – $185.5K
NOI $11,130 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.0K
$245.9K – $327.9K
NOI $19,673 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,081
Businesses Nearby
Explore this area
Business Placement
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - Two-level living includes creek-facing windows, a community kayak dock, and storage for residents’ kayaks.
Where is this residential income property located?
The property is located at 1960 SUPERFINE LANE Unit 90 Wilmington, DE.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,175‑square‑foot, two‑story condominium with Brandywine Creek views; Living room features three floor‑to‑ceiling windows with electronic shades; Kitchen includes granite countertops, stainless steel appliances, and a built‑in wine refrigerator
