Two-Bedroom Loft
For Sale
$270,000
4711 CLAREMONT COURT #264, Wilmington, DE 19808
The association fee covers water, sewer, trash, and exterior upkeep.
Property Size1,546 SF
Price / SF$174.64
Days on Market13
Property Features for 4711 CLAREMONT COURT #264
General Information
Standard status
Active
Size
1,546 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Building Details
Year Built
1985
Listing Agency:
Beiler-Campbell Realtors-Avondale
(610) 869-8711
Listed By:
Shannon C Przywara · License #RS0019093
(610) 202-7189
Source:
Cummingsrealtors
Added: Sep 24
Changed: Oct 6
Last Checked: Oct 5 at 6:33PM
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 Beiler-Campbell Realtors-Avondale
Investment Insights
Based on property information with market context.
Built in 1985, this 1,546-square-foot condo has two bedrooms, two bathrooms, and an upper-level loft reached by spiral stairs. The main floor includes a living room with a 17-foot vaulted ceiling, dining area, kitchen with granite counters and stainless steel appliances, and a laundry closet. The primary bedroom has a walk-in closet and en suite bath. French doors lead from the residence to a private deck with wooded views.
Updates include engineered hardwood floors, refreshed bathrooms and paint, and an HVAC system replaced in 2019. The association fee includes water, sewer, trash service, and exterior maintenance.
Updates include engineered hardwood floors, refreshed bathrooms and paint, and an HVAC system replaced in 2019. The association fee includes water, sewer, trash service, and exterior maintenance.
Key Highlights
- 1,546‑square‑foot condo with two bedrooms, two bathrooms, and a loft
- 17‑foot vaulted ceiling in the living room
- Private deck overlooking wooded surroundings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,644
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,880
$292.9K
Cap Rate 7%
$209,200
$209.2K
Cap Rate 9%
$162,711
$162.7K
Market Conditions
NOI Build-Up for 1,546 SF
Gross rent
$28.4K $18.36/SF
− Vacancy
−$1.8K −$1.14/SF
EGI
$26.6K $17.22/SF
− OpEx
−$12.0K −$7.75/SF
NOI
$14.6K $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%
$292,880
Cap Rate 7%
$209,200
Cap Rate 9%
$162,711
Alternative Uses
Best Use
Apartment 5plus
$209.2K
$183.1K – $244.1K
NOI $14,644 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$369.8K
$323.6K – $431.4K
NOI $25,885 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
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Business Placement
Demographics for 19808, DE
39,285
Population
16,037
Households
2.4
Avg Household Size
44
Median Age
41%
College-Educated
93%
High-School Grad
13.8 sq mi
ZIP Area
2,847
Density / Sq Mi
$92,883
Median Household Income
$53,084
Median Earnings
$1,357
Median Rent
$309,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The association fee covers water, sewer, trash, and exterior upkeep.
Where is this residential income property located?
The property is located at 4711 CLAREMONT COURT #264 Wilmington, DE.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,546‑square‑foot condo with two bedrooms, two bathrooms, and a loft; 17‑foot vaulted ceiling in the living room; Private deck overlooking wooded surroundings
