Multifamily Housing
400 North West Street Wilmington, DE 19801

Details & Description

Price: $1,000,000

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.

Property ID: 265554
Property URL: melqr.com/265554
Generated: 04-29-24

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.

Delaware / Wilmington / 19801 / 400 North West Street

400 North West Street

Wilmington, DE 19801

Listing ID: 265554

Print Single-Page Version

400 North West Street | for Sale | Thumbnail 1

400 North West Street | for Sale | Thumbnail 2

400 North West Street | for Sale | Thumbnail 3

400 North West Street | for Sale | Thumbnail 4

Building Size: 11,985 SF

Lot Size: 0.630 AC

Land Size: 27,442 SF

Building $/SF: $83.44

Land $/SF: $36.44

Price

$1,000,000

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

Loan and Amortization Calculator

Listing Price

Down Payment

Loan Amount:

Interest Rate:

Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

Month	Payment	Principal	Interest	Total Interest	Balance
$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

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 Population		31,952	111,066	192,946
Population Median Age		36	37	39
Population by Age	0-9 Yrs	4204 (13%)	13772 (12%)	23382 (12%)
	10-19 Yrs	3860 (12%)	14115 (12%)	23825 (12%)
	20-29 Yrs	5953 (18%)	17354 (15%)	27322 (14%)
	30-39 Yrs	5071 (15%)	17057 (15%)	27619 (14%)
	40-49 Yrs	3607 (11%)	12826 (11%)	22819 (11%)
	50-59 Yrs	4083 (12%)	14396 (12%)	26283 (13%)
	60-69 Yrs	2677 (8%)	11851 (10%)	21692 (11%)
	70+ Yrs	2497 (7%)	9694 (8%)	20003 (10%)

Median HH Income		$36,021	$49,900	$57,405
Total Household Income	< 24K	5128 (38%)	12178 (27%)	17325 (23%)
	25-49K	2963 (22%)	9880 (22%)	16219 (21%)
	50-74K	1865 (13%)	7053 (16%)	12302 (16%)
	75-99K	1262 (9%)	5247 (11%)	9672 (12%)
	100-199K	1772 (13%)	7327 (16%)	14899 (19%)
	200K+	367 (2%)	2350 (5%)	4757 (6%)

Highest Education Level	No Diploma	2957	9744	16181
	Diploma or GED	8626	28807	47658
	Some College	3678	12509	22741
	Assoc. Degree	1128	3789	7658
	Bachelors Degree	3001	12412	23463
	Higher Degree	1898	8781	16796

Total Housing Units		16,585	51,042	84,686
--Owner-Occupied		4,400	22,218	44,803
--Renter-Occupied		8,957	21,817	30,371
Owner-Occupied Values	< 100K	1262	3467	4701
	100-199K	1971	9963	16762
	200-299K	689	4339	11661
	300-399K	327	1684	5019
	400-499K	109	822	2404
	500K+	43	1943	4256

Total Working Age Population		25,191	88,375	154,406
In Work Force		15,872	55,784	97,348
Not In Work Force		9,319	32,591	57,059
Workforce Employed		14,392	51,318	89,983
Workforce Unemployed		1,403	4,285	7,131
Civlian Workforce		15,794	55,603	97,114
Military Workforce		77	181	234

Total Households		13,357	44,035	75,174
Family Households		6,134	23,702	43,675
Non-Family Households		7,223	20,333	31,500
Married Couple		2,237	11,770	26,096
Other Family		3,897	11,931	17,579
Married w/Child		725	4,337	9,342
Single Male w/Child		361	1,106	1,711
Single Female w/Child		1,658	4,922	6,989

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Delaware	783,600	+15	897,934	+10	989,803	+6	1,044,965
New Castle County	500,265	+8	538,479	+6	571,165	+4	596,221
New Jersey	8,414,350	+4	8,791,894	+4	9,132,700	+4	9,530,900
Salem County	64,285	+3	66,083	-5	63,000	-3	61,000
Pennsylvania	12,281,054	+3	12,702,379	+4	13,230,170	+4	13,759,594
Chester County	433,501	+15	498,886	+7	533,837	+7	573,576
Delaware County	550,864	+1	558,979	+5	588,436	+6	622,307

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.

Common Questions and Answers

What is the asking price for 400 North West Street in Wilmington?

The asking price for 400 North West Street is $1,000,000

What is the building size of this Multifamily property in Wilmington, DE?

The size of the building/unit at 400 North West Street in Wilmington is 11,985 square feet

How much land does the Wilmington, DE property at 400 North West Street include?

400 North West Street in Wilmington includes 0.630 acres of land

What is the population within 1 mile of 400 North West Street in Wilmington?

The population within 1 mile of 400 North West Street Wilmington, DE 19801 is 31,952 people.

Who do I contact for questions about 400 North West Street?

You should contact the listing agent, Brady Carroll , for any details regarding this commercial listing.

Other Listings for Sale Nearby

Address	Price	Sq Ft	Acres
1824 Conrad St and 1821 W 2nd St, Wilmington, DE	$385,000	3547	0.17
1133 Madison Street, Chester, PA	$2,695,000	33921	0.3
319 East 24th Street, Chester, PA	$8,150,000	117701	2
319 East 24th Street, Chester, PA	$2,050,000	21029	2
234 Reese Street, Sharon Hill, PA	$445,000	5344	0.26
655 Drexel Avenue, Drexel Hill, PA	$345,000	2309	0.1
359 West Chester Pike, Havertown, PA	$265,000	1408	0.06
14 South Broad Street, Middletown, DE	$4,800,000	26178	0.81
313 South 60th Street, Philadelphia, PA	$1,200,000	13304	0.14
4447 Chestnut Street, Philadelphia, PA	$6,900,000	30000	-

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