402 W 22Nd Street, Wilmington, DE 19802-4008 $239,000
Temp Off Market
Interior Sq. Ft: 2,175
Hereâ€™s a great opportunity to own a cash flowing rental unit right outside of the triangle neighborhood in a popular area of Wilmington that just recently appraised for $260,000. This spacious victorian property is located conveniently near Wilmingtonâ€™s business district, Market Street, Trolley Square, the Riverfront, popular dining, shopping and more. This property is currently set up as a cash flowing room rental. The total monthly rental income is $2,075 (3rd floor room $600, 2nd floor right room $525, 2nd floor middle room $525 and 2nd floor left room $425). The estimated monthly mortgage payment (principle, interest taxes and insurance at an estimated 4.25% interest rate with 20% down) is around $1,250. These numbers would provide around $825 a month in potential cash flow ($9,900 annually). This could be a great income generator. Please confirm the estimated monthly mortgage payments and current interest rates with your mortgage company. This property is being sold in AS-IS condition. Cash, conventional financing, renovation financing, or private financing may be best for this property.
Home Assoc: No
Condo Assoc: No
Pool: No Pool
Radiator Heating, Natural Gas, None, Other, Public Water, Public Sewer
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address. Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (32 schools)
Public Middle (11 schools)
|First State School||Red Clay Consolidated School District||2–12||Wilmington||0.49 mi|
|Great Oaks Charter School||Great Oaks Charter School||6–9||Wilmington||0.67 mi|
|duPont (Pierre S.) Middle School||Brandywine School District||6–8||Wilmington||0.77 mi|
|Bayard Middle School||Christina School District||6–8||Wilmington||1.76 mi|
|duPont (Alexis I.) Middle School||Red Clay Consolidated School District||6–8||Greenville||2.29 mi|
|Douglass School||Christina School District||3–12||Wilmington||2.35 mi|
|Odyssey Charter School||Odyssey Charter School||K–11||Wilmington||2.98 mi|
|Springer Middle School||Brandywine School District||6–8||Wilmington||3.35 mi|
|McCullough (Calvin R. ) Middle School||Colonial School District||6–8||New Castle||4.12 mi|
|Gateway Lab School||Gateway Lab School||3–8||Wilmington||4.46 mi|
|Leach (John G.) School||Colonial School District||Preschool–12||New Castle||4.88 mi|
Public High (14 schools)
Private (25 schools)
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This report is a detailed community overview for Wilmington (19802), Delaware.
- Average travel time to work for people in this community: 24
- Average salary of people in this community: $44,138
- Population Density (ppl / mile): 8,194
- Household Size (ppl): 2.49
- Households w/ Children: 60%
- Owned: 5,297 (45.2%)
- Rented: 5,168 (44.1%)
- Vacant: 1,255 (10.7%)
- Total: 11,720
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
- Less than 9th Grade: 2.2%
- Some High School: 8.9%
- High School Graduate: 43.4%
- Some College: 16.7%
- Associate Degree: 4.9%
- Bachelor's Degree: 13.1%
- Graduate Degree: 10.9%
Median Income: $42,329
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $605
- One Bedroom: $764
- Two Bedroom: $1,030
- Three Bedroom: $1,166
- Four Bedroom: $1,311
© 2022 LiveBy. All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 7/04/2022.