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2825 Madison Street, Wilmington, DE 19802-3000 $3,300,000

Acreage: 0.4
Age:85 years
Zoning:
26r3
MLS#: DENC2054644
Mobile#: 9631
Subdivision: Ninth Ward

Description

Former Christ our King Convent. Culmination of 4 plus year repurposing project of a detached 3 story all stone magnificent building into 17 luxury units that couldn't be duplicated for 3 times the offering price. Passionate labor of love to get use variance, development, engineering, and construction on the last and best of the 4 building package. From the 16" Indiana Granite and the high ceiling full basement everything is completely new. Roof, hvac, plumbing including drain and pex water lines, windows, hot water heaters, steel framing, electric, sprinkler, and fire monitoring system. The rough in is 95% complete so investors can inspect all the system before the drywall is installed. Projected completion is slated for 6 months so buyers may have the ability to customize kitchens and color choices. 18 car parking lot with access to stone and slate archway patios. Heat, electric and water all separated !! Drive by the project to witness the splendor and grandeur of this one of a kind building that would certainly be the flagship in any investors portfolio. Proforma projections at a true 7 cap available with POF or recognized bank pre approval letter. 48 notice for showings required upon receipt of requested documentation. Owner may consider Purchase Money mortgage with 30% down from qualified buyer. Building is being reassessed for taxes. Call Larry Lee for details or questions. Listing agent is a managing member of Kaab properties llc.

Price/SqFt: $286
Building SqFt: 11500
Taxes/Year: $38,209/2022
Buyer Agency Comp*: 2 % Of Gross
*The listing broker's offer of compensation is made only to participants of BrightMLS

Features

Utilities
90% Forced Air, Heat Pump - Electric BackUp, Electric, Natural Gas, Central A/C, Electric, Hot Water - Electric, Public Water, Public Sewer

Garage/Parking
Parking Lot

Interior
Accessibility - 36"+ wide Halls, Accessibility - Ramp - Main Level, Accessibility - Wheelchair Mod

Exterior
Stone Exterior

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 (29 schools)

School District Grades Place Distance
Harlan (David W. ) Elementary School Brandywine School District Preschool–5 Wilmington 0.42 mi
Warner Elementary School Red Clay Consolidated School District 3–5 Wilmington 0.64 mi
Shortlidge (Evan G.) Academy Red Clay Consolidated School District K–2 Wilmington 0.7 mi
Edison (Thomas A.) Charter School Edison (Thomas A.) Charter School K–8 Wilmington 0.85 mi
First State School Red Clay Consolidated School District 1–10 Wilmington 0.91 mi
East Side Charter School East Side Charter School K–8 Wilmington 0.97 mi
Kuumba Academy Charter School Kuumba Academy Charter School K–8 Wilmington 1.01 mi
Stubbs Early Education Center Christina School District Preschool–K Wilmington 1.12 mi
First State Montessori Academy First State Montessori Academy K–8 Wilmington 1.16 mi
Lewis (William C.) Dual Language Elementary School Red Clay Consolidated School District K–5 Wilmington 1.34 mi
The Bancroft School Christina School District 1–9 Wilmington 1.39 mi
Johnson (Joseph E. Junior) Elementary School Red Clay Consolidated School District K–5 Wilmington 1.54 mi
Lombardy Elementary School Brandywine School District K–5 Wilmington 1.68 mi
The Bayard School Christina School District 1–8 Wilmington 2.18 mi
Mount Pleasant Elementary School Brandywine School District K–5 Wilmington 2.28 mi
Carrcroft Elementary School Brandywine School District K–5 Wilmington 2.68 mi
Douglass School Christina School District 1–12 Wilmington 2.77 mi
Odyssey Charter School Odyssey Charter School K–12 Wilmington 3.3 mi
Baltz (Austin D.) Elementary School Red Clay Consolidated School District K–5 Wilmington 3.52 mi
Forwood Elementary School Brandywine School District K–5 Wilmington 3.61 mi
Richardson Park Elementary School Red Clay Consolidated School District K–5 Wilmington 3.84 mi
Maple Lane Elementary School Brandywine School District K–5 Claymont 4.09 mi
Hanby Elementary School Brandywine School District K–5 Wilmington 4.21 mi
Bush (Charles W.) Pre-School Brandywine School District Preschool Wilmington 4.21 mi
Richey Elementary School Red Clay Consolidated School District K–5 Wilmington 4.78 mi
Marbrook Elementary School Red Clay Consolidated School District K–5 Wilmington 4.85 mi
Lancashire Elementary School Brandywine School District K–5 Wilmington 4.9 mi
Claymont Elementary School Brandywine School District K–5 Claymont 4.91 mi
Eisenberg (Harry O.) Elementary School Colonial School District K–5 New Castle 4.99 mi

Public Middle (9 schools)

School District Grades Place Distance
duPont (Pierre S.) Middle School Brandywine School District 6–8 Wilmington 0.36 mi
First State School Red Clay Consolidated School District 1–10 Wilmington 0.91 mi
The Bancroft School Christina School District 1–9 Wilmington 1.39 mi
duPont (Alexis I.) Middle School Red Clay Consolidated School District 6–8 Greenville 2.53 mi
Douglass School Christina School District 1–12 Wilmington 2.77 mi
Springer Middle School Brandywine School District 6–8 Wilmington 3.07 mi
Odyssey Charter School Odyssey Charter School K–12 Wilmington 3.3 mi
McCullough (Calvin R. ) Middle School Colonial School District 6–8 New Castle 4.46 mi
Gateway Charter School Gateway Charter School 3–8 Wilmington 4.79 mi

Public High (15 schools)

School District Grades Place Distance
Freire Charter School Freire Charter School Wilmington 8–12 Wilmington 0.88 mi
First State School Red Clay Consolidated School District 1–10 Wilmington 0.91 mi
Great Oaks Charter School Great Oaks Charter School 8–12 Wilmington 1.01 mi
Howard High School of Technology New Castle County Vocational-Technical School District 9–12 Wilmington 1.03 mi
The Bancroft School Christina School District 1–9 Wilmington 1.39 mi
Mount Pleasant High School Brandywine School District 9–12 Wilmington 1.9 mi
Charter School of Wilmington Charter School of Wilmington 9–12 Wilmington 2.73 mi
Calloway (Cab) School of the Arts Red Clay Consolidated School District 6–12 Wilmington 2.73 mi
Douglass School Christina School District 1–12 Wilmington 2.77 mi
Brandywine High School Brandywine School District 9–12 Wilmington 2.87 mi
Odyssey Charter School Odyssey Charter School K–12 Wilmington 3.3 mi
duPont (Alexis I.) High School Red Clay Consolidated School District 9–12 Wilmington 3.61 mi
Delaware Military Academy Delaware Military Academy 9–12 Wilmington 3.7 mi
Conrad Schools of Science Red Clay Consolidated School District 6–12 Wilmington 4.3 mi
Concord High School Brandywine School District 9–12 Wilmington 4.88 mi

Private (34 schools)

School Grades Place Distance
Sharon Temple Adventist School Seventh-Day Adventist K–8 Wilmington 0.51 mi
Salesianum School Roman Catholic 9–12 Wilmington 0.59 mi
Maranatha Christian Academy Brethren K–6 Wilmington 0.74 mi
Augustine Hills School Nonsectarian 4–11 Wilmington 0.8 mi
Urban Promise School Other Preschool–6 Wilmington 0.82 mi
High Road School Of Delaware Nonsectarian 3–12 Wilmington 1.01 mi
Wilmington Friends School Friends Preschool–12 Wilmington 1.01 mi
Program For Rigor And Innovation In Education Nonsectarian 6–8 Wilmington 1.01 mi
Urban Promise Academy Nonsectarian 7–11 Wilmington 1.08 mi
Serviam Girls Academy Roman Catholic 5–8 Wilmington 1.24 mi
Ursuline Academy Lower Roman Catholic K–5 Wilmington 1.27 mi
Darul Amaanah Academy Islamic K–8 Wilmington 1.39 mi
St Michaels School & Nursery Inc Nonsectarian Preschool–K Wilmington 1.39 mi
Astra Zeneca Child Development Center Nonsectarian Preschool–K Wilmington 1.4 mi
St Ann School Roman Catholic Preschool–8 Wilmington 1.46 mi
St Peter Cathedral School Roman Catholic Preschool–8 Wilmington 1.48 mi
Padua Academy Roman Catholic 9–12 Wilmington 1.52 mi
St Anthony Of Padua Grade School Roman Catholic Preschool–8 Wilmington 1.69 mi
Immaculate Heart Of Mary Roman Catholic Preschool–8 Wilmington 1.79 mi
Concord Preschool And Childcare Presbyterian Preschool–K Wilmington 2.03 mi
Nativity Preparatory School Of Wilmington Roman Catholic 5–8 Wilmington 2.13 mi
Tower Hill School Nonsectarian Preschool–12 Wilmington 2.17 mi
Faith Preschool & Child Care Presbyterian Preschool–K Wilmington 2.21 mi
Montessori Learning Centre Nonsectarian Preschool–K Wilmington 2.32 mi
St Mary Magdalen School Roman Catholic Preschool–8 Wilmington 2.45 mi
St Elizabeth School Roman Catholic Preschool–12 Wilmington 2.48 mi
Brandywine Valley Christian Presch Baptist Preschool–K Wilmington 3.29 mi
All Saints Catholic School Roman Catholic Preschool–8 Wilmington 3.5 mi
Albert Einstein Academy Jewish K–5 Wilmington 3.63 mi
St Edmond's Academy Roman Catholic Preschool–8 Wilmington 3.92 mi
Wilmington Montessori School Nonsectarian Preschool–8 Wilmington 4.02 mi
The Pilot School Nonsectarian Ungraded Wilmington 4.17 mi
The Tatnall School Nonsectarian Preschool–12 Wilmington 4.2 mi
Children's House Montessori Nonsectarian Preschool–K Wilmington 4.72 mi

© 2024 LiveBy. All Rights Reserved.

This report is a detailed community overview for Wilmington (19802), Delaware.

Community Quick Facts

  • Average travel time to work for people in this community: 25
  • Average salary of people in this community: $45,076

Community Summary

  • Population Density (ppl / mile): 8,011
  • Household Size (ppl): 2.45
  • Households w/ Children: 56%

Housing Inventory

  • Owned: 5,103 (43.6%)
  • Rented: 5,296 (45.2%)
  • Vacant: 1,306 (11.2%)
  • Total: 11,705

Population Demographics

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.

Total: 25,715
Households: 10,399
Median Age: 38.60

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.

Temperature

Education

Highest Level of Education Attained

  • Less than 9th Grade: 1.9%
  • Some High School: 7.8%
  • High School Graduate: 45.4%
  • Some College: 15.9%
  • Associate Degree: 5.1%
  • Bachelor's Degree: 12.3%
  • Graduate Degree: 11.6%

Income by dollar range

Median Income: $46,176

Fair Market Rents

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: $541
  • One Bedroom: $819
  • Two Bedroom: $1,073
  • Three Bedroom: $1,226
  • Four Bedroom: $1,326

© 2024 LiveBy. All Rights Reserved.

Contact Information

Listing Courtesy of: Patterson-Schwartz - Greenville , (302) 429-4500, realinfo@psre.com

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 4/19/2024.

2825 Madison Street, Wilmington, DE 19802-3000

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