1112 S Rodney St, Wilmington, DE 19805

$249,500
: 1,360
SqFt

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List Price: $249,500
Days on Market: 48
Status: ACTIVE
MLS#: DENC2107700
Living Area: 1,360
Lot Size (Acres): 0.05
Style: Other
Year Built: 1940
County: New Castle
School District: Christina

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Property Description

This turn-key duplex is a low-maintenance, income-producing investment with positive cash flow. Both units have been recently renovated—2024—making it a strong opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Each unit has a private entrance, and both share access to the backyard. Street parking is available. Rents total $2,295/mo ($1120 & $1,175). Tenants pay gas and electric, while the owner covers water. Owner expenses include the house meter at $20 per month and city water at approximately $90 per month, with total monthly expenses of $1878.00 (principle $225,000 loan), interest, taxes, insurance, water, and house meter). This results in positive cash flow of approximately $400 per month. Located in a convenient Wilmington neighborhood close to major routes, shopping, and city amenities, this property offers reliable rental income with minimal upkeep. The adjacent property at 1114 S. Rodney SOLD on 9/4/26 for $250,000 Licensed fee appraisal was done and appraised value is $250,000. Appraisal report is available upon request. Pictures are of 1114A S. Rodney All appointments require 24-hour notice.

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Additional Information

Area: Wilmington (30906)
Subdivision: Cleland Heights
Taxes: $2494
Stories: 2
Interior Features: Bathroom - Soaking Tub
School District: Christina
Flooring: Laminate Plank
Exterior Features: Fire Escape, Sidewalks, Street Lights, Play Area
Heating: 90% Forced Air, Baseboard - Electric
Heating Fuel: Natural Gas, Electric
Cooling: None
Roof: Rubber
Utilities: Electric Available, Natural Gas Available, Sewer Available, Water Available
Water: Public
Sewer: Public Sewer
Basement: Yes