837 W 4TH Street Wilmington, DE 19801

This mixed-use property in Wilmington, DE, presents a cash-flow investment opportunity with a strong rental history. The building features a first-floor space suitable for a business tenant, currently configured as a hair salon, along with two 2-bedroom apartments. The property generates approximately $4,000 per month in total rents. The first floor, operating as a hair salon, includes a visible entrance with signage, a waiting area, a main salon area, two wash stations, and a private styling studio, along with a half bathroom. The apartments are accessed through a side entrance, leading to the second and third-floor units. 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 features two bedrooms with closets, an updated bathroom, a kitchen with counter space, a compact refrigerator, cabinetry, and a living room with natural light. The third-floor apartment, with a similar layout to the second floor, is vacant and has 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, along with additional storage space. The property is located near Adams Street and 4th Street, within walking distance 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.