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2825 Madison Street

WILMINGTON, DE 19802
  • $3,300,000
  • STATUS: Active
  • ON SITE: 56 Days
  • ID#: DENC2054644
$3,300,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1939
County:

School Ratings & Info

School District:

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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McClain-Williamson Realty, LLC.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-04T23:51:05.58.
www.mcclainwilliamson.com/homes/146468399
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2825 Madison Street WILMINGTON, DE 19802

  • Price: $3,300,000
  • Status: Active
  • On Site: 56 Days
  • ID#: DENC2054644
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1939
Built
Neighborhood:
Ninth Ward
County:
New Castle
Area:
Wilmington (30906)
School District:
Red Clay Consolidated
Property 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.
Exterior Features

Construction Materials Stone Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 11500.00 Cooling Central A/C Heating 90% Forced AirHeat Pump - Electric BackUp Heating YN Yes Net Square Feet 11000.00

Property Features

Accessibility Features 36"+ wide HallsRamp - Main LevelWheelchair Mod Business Type Other Central Air YN Yes Cooling Fuel Electric Heating Fuel ElectricNatural Gas Hot Water Electric Navigable Water YN N New Construction YN No Original MLSNumber 802804660472 Ownership Interest Fee Simple Possession 90-120 Days CD Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 38209.00 Tax Assessment Amount 790700.00 Vacation Rental YN No Water Source Public Year Built Effective 2023 Zoning 26R3

Listing courtesy of Patterson-Schwartz - Greenville: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or McClain-Williamson Realty, LLC.. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-04T23:51:05.58.
 
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McClain-Williamson Realty, LLC.
47 Main St.
East New Market MD, 21631