Multifamily Housing - For Sale
400 North West Street Wilmington, DE 19801
Details & Description
Price: $1,000,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.630
  • Building Sq Ft 11,985
  • Building Price per Sq Ft $83.44
  • Land Sq Ft 27,442
  • Land Price per Sq Ft $36.44
KW Commercial is pleased to exclusively present for sale the Meeting House Village Apartments. This 11 unit Value Add Multifamily Property is located just a short walk from the Wilmington Train Station and nearby Downtown Financial District in Wilmington, DE.Situated on a beautiful block lined with historical brick buildings and boasting a sprawling .63 acre lot, this three-story, 12,000 SF structure offers a great unit mix of one (1) studio, three (3) 1 bedroom 1 bath units, four (4) 2 bedroom 1 bath units, and three (3) 2 bedroom 2 bath units. The third-floor units have vaulted ceilings with stylish exposed beams, and all of them have spiral staircases that lead up to a loft area.Separately metered all-electric building with mostly all new heat pumps and hot water heaters inside each unit. Laundry room on the first floor offers additional monthly income. With the solid bones and nicely designed floorplans, an investor could update kitchens, bathrooms, floors and common areas and create true value. Also very nice potential to update the parking lot and landscape the yard to really enhance the experience for the tenants and the neighborhood.
Additional Photos
Listing Agents
Brady Carroll
KW Commercial
O: 610-291-9895
bcarroll@kwcommercial.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

400 North West Street

Wilmington, DE 19801

Listing ID: 265554
$1,000,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.630
  • Building Sq Ft 11,985
  • Building Price per Sq Ft $83.44
  • Land Sq Ft 27,442
  • Land Price per Sq Ft $36.44
  • 400 North West Street Wilmington, DE 19801 | for Sale | Photo 1
  • 400 North West Street Wilmington, DE 19801 | for Sale | Photo 2
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400 North West Street | for Sale | Thumbnail 2
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Description

KW Commercial is pleased to exclusively present for sale the Meeting House Village Apartments. This 11 unit Value Add Multifamily Property is located just a short walk from the Wilmington Train Station and nearby Downtown Financial District in Wilmington, DE.

Situated on a beautiful block lined with historical brick buildings and boasting a sprawling .63 acre lot, this three-story, 12,000 SF structure offers a great unit mix of one (1) studio, three (3) 1 bedroom 1 bath units, four (4) 2 bedroom 1 bath units, and three (3) 2 bedroom 2 bath units. The third-floor units have vaulted ceilings with stylish exposed beams, and all of them have spiral staircases that lead up to a loft area.

Separately metered all-electric building with mostly all new heat pumps and hot water heaters inside each unit. Laundry room on the first floor offers additional monthly income. With the solid bones and nicely designed floorplans, an investor could update kitchens, bathrooms, floors and common areas and create true value. Also very nice potential to update the parking lot and landscape the yard to really enhance the experience for the tenants and the neighborhood.

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Philadelphia History of Multifamily Housing for Sale

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Wilmington Area Market Trends

Listing Demographics for 400 North West Street Wilmington, DE 19801

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population31,952111,066192,946
Population Median Age363739
Population by Age0-9 Yrs4204 (13%)13772 (12%)23382 (12%)
10-19 Yrs3860 (12%)14115 (12%)23825 (12%)
20-29 Yrs5953 (18%)17354 (15%)27322 (14%)
30-39 Yrs5071 (15%)17057 (15%)27619 (14%)
40-49 Yrs3607 (11%)12826 (11%)22819 (11%)
50-59 Yrs4083 (12%)14396 (12%)26283 (13%)
60-69 Yrs2677 (8%)11851 (10%)21692 (11%)
70+ Yrs2497 (7%)9694 (8%)20003 (10%)
Median HH Income$36,021$49,900$57,405
Total Household Income< 24K5128 (38%)12178 (27%)17325 (23%)
25-49K2963 (22%)9880 (22%)16219 (21%)
50-74K1865 (13%)7053 (16%)12302 (16%)
75-99K1262 (9%)5247 (11%)9672 (12%)
100-199K1772 (13%)7327 (16%)14899 (19%)
200K+367 (2%)2350 (5%)4757 (6%)
Highest Education LevelNo Diploma2957974416181
Diploma or GED86262880747658
Some College36781250922741
Assoc. Degree112837897658
Bachelors Degree30011241223463
Higher Degree1898878116796
Total Housing Units16,58551,04284,686
--Owner-Occupied4,40022,21844,803
--Renter-Occupied8,95721,81730,371
Owner-Occupied Values< 100K126234674701
100-199K1971996316762
200-299K689433911661
300-399K32716845019
400-499K1098222404
500K+4319434256
Total Working Age Population25,19188,375154,406
In Work Force15,87255,78497,348
Not In Work Force9,31932,59157,059
Workforce Employed14,39251,31889,983
Workforce Unemployed1,4034,2857,131
Civlian Workforce15,79455,60397,114
Military Workforce77181234
Total Households13,35744,03575,174
Family Households6,13423,70243,675
Non-Family Households7,22320,33331,500
Married Couple2,23711,77026,096
Other Family3,89711,93117,579
Married w/Child7254,3379,342
Single Male w/Child3611,1061,711
Single Female w/Child1,6584,9226,989

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Delaware783,600+15897,934+10989,803+61,044,965
New Castle County500,265+8538,479+6571,165+4596,221
New Jersey8,414,350+48,791,894+49,132,700+49,530,900
Salem County64,285+366,083-563,000-361,000
Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
Chester County433,501+15498,886+7533,837+7573,576
Delaware County550,864+1558,979+5588,436+6622,307

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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313 South 60th Street, Philadelphia, PA $1,200,000 13304 0.14
Closest Commercial Airports
Airport Distance (mi)
Philadelphia International Airport (PHL) 19
Baltimore Washington International (Thurgood Marshall Airport) (BWI) 71
Newark Liberty International Airport (EWR) 98
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