409 Noahs Drive, Wilmington, DE 19802-3023 $315,000

With Pending Contract
Acreage: 0.04
Zoning:
26R-3
Subdivision: None Available
Description
We are thrilled to present a truly exceptional investment opportunity in the heart of the thriving city of Wilmington – a 12-lot subdivision that promises enormous potential for rental townhomes or profitable reselling. Situated in a great location, this subdivision has all the right ingredients for a successful and rewarding venture. Allow us to highlight the key reasons why this project is set to stand out: Prime City Location: The city of Wilmington is renowned for its dynamic economy, cultural diversity, and a strong rental market. It is a hub of business, commerce, and entertainment, making it a highly sought-after destination for residents and investors alike. High Demand for Rental Properties: Wilmington is experiencing a significant surge in demand for rental properties due to an influx of young professionals, students, and families seeking urban living with easy access to amenities and public transportation. Our 12-lot subdivision presents an ideal opportunity to cater to this growing demand. Strong Potential for Resale Value: Not only does Wilmington boast a robust rental market, but its real estate market is also consistently showing positive growth trends. With careful planning and quality construction, the townhomes developed in this subdivision are poised to gain substantial appreciation, providing an excellent opportunity for reselling and maximizing returns on investment. Proximity to Key Infrastructure: One of the main highlights of this subdivision is its close proximity to major transportation networks, schools, parks, shopping centers, and other essential amenities, ensuring convenience and desirability for potential residents. In conclusion, this 12-lot subdivision in the great city of Wilmington offers an extraordinary opportunity for investors and developers looking to capitalize on the city's prosperous rental market or the thriving real estate resale market. With a strategic location, strong demand, and an experienced team, we are confident that this project will yield impressive results and be a shining gem in the city's landscape. We welcome you to explore this exciting prospect further and look forward to discussing how we can make this vision a reality together. Possible owner financing. Please do not hesitate to contact us for additional information or to schedule a site visit. Sales includes: 414-A W 29th St Wilmington DE 19802 Tax ID 26015.40165 414-B W 29th St Wilmington DE 19802 Tax ID 26015.40494 416 W 29th St Wilmington DE 19802 Tax ID 26015.40493 418 W 29th St Wilmington DE 19802 Tax ID 26015.40492 2804 N Madison St Wilmington DE 19802 Tax ID 26015.40140 2806 N Madison St Wilmington DE 19802 Tax ID 26015.40501 407 Noahs Dr Wilmington DE 19802 Tax ID 26015.40495 409 Noahs Dr Wilmington DE 19802 Tax ID 26015.40496 411 Noahs Dr Wilmington DE 19802 Tax ID 26015.40497 413 Noahs Dr Wilmington DE 19802 Tax ID 26015.40498 415 Noahs Dr Wilmington DE 19802 Tax ID 26015.40499 417 Noahs Dr Wilmington DE 19802 Tax ID 26015.40500
Lot Dimens: 0.00 x 0.00
Front Footage:
School Dist: Red Clay Consolidated
Condo Assoc: No
Features
Utilities
Public Water, Public Sewer
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Public Elementary (30 schools)
Public Middle (8 schools)
School | District | Grades | Place | Distance |
---|---|---|---|---|
duPont (Pierre S.) Middle School | Brandywine School District | 6–8 | Wilmington | 0.39 mi |
First State School | Red Clay Consolidated School District | 2–12 | Wilmington | 0.89 mi |
duPont (Alexis I.) Middle School | Red Clay Consolidated School District | 6–8 | Greenville | 2.55 mi |
Douglass School | Christina School District | 1–12 | Wilmington | 2.75 mi |
Springer Middle School | Brandywine School District | 6–8 | Wilmington | 3.12 mi |
Odyssey Charter School | Odyssey Charter School | K–12 | Wilmington | 3.31 mi |
McCullough (Calvin R. ) Middle School | Colonial School District | 6–8 | New Castle | 4.41 mi |
Gateway Lab School | Gateway Lab School | 3–8 | Wilmington | 4.79 mi |
Public High (14 schools)
Private (26 schools)
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This report is a detailed community overview for Wilmington (19802), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 24
- Average salary of people in this community: $47,281
Community Summary
- Population Density (ppl / mile): 8,133
- Household Size (ppl): 2.50
- Households w/ Children: 63%
Housing Inventory
- Owned: 4,876 (43.3%)
- Rented: 5,452 (48.4%)
- Vacant: 938 (8.3%)
- Total: 11,266
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.
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: 1.6%
- Some High School: 5.7%
- High School Graduate: 43.0%
- Some College: 17.2%
- Associate Degree: 8.3%
- Bachelor's Degree: 12.6%
- Graduate Degree: 11.7%
Income by dollar range
Median Income: $47,258
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: $754
- One Bedroom: $904
- Two Bedroom: $1,097
- Three Bedroom: $1,280
- Four Bedroom: $1,291
© 2023 LiveBy. All Rights Reserved.
Contact Information
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Listing Courtesy of: Coldwell Banker Realty , (302) 234-1888
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Listing data as of 10/01/2023.