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Listed by Lee Wolff • FSBO Broker

$159,000

Est. payment - /mo

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2 Beds

1 Bath

720 SqFt

New

1302 CYPRESS AVE Wilmington, DE 19805

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Lee Wilson

lee@wilsongateproperties.com +1(240) 206-1283

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Key Details

Property Type Townhouse

Sub Type Interior Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 720 sqft

Price per Sqft $220

Subdivision Elsmere Gardens

MLS Listing ID DENC2107668

Style Traditional

Bedrooms 2

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 720

Year Built 1942

Annual Tax Amount $1,750

Tax Year 2025

Lot Size 2,178 Sqft

Acres 0.05

Lot Dimensions 18.00 x 110.00

Property Sub-Type Interior Row/Townhouse

Source BRIGHT

Property Description

1302 Cypress Ave is a fantastic opportunity for both investors and owner-occupants looking to build long-term wealth through real estate. This 2-bedroom, 1-bath home features a functional layout, a full unfinished basement, and off-street parking for two vehicles in the rear. With only light cosmetic updates and minor repairs needed, it's an ideal buy-and-hold rental with strong cash flow potential. For owner-occupants, this is a chance to stop paying rent, build equity, and potentially have a lower monthly payment than renting. Live in the home while making improvements at your own pace, then convert it into a rental and continue growing your real estate portfolio. Conveniently located near shopping, restaurants, downtown Wilmington, and major highways. Sold As-Is. Seller will make no repairs.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 19R2

Rooms

Basement Full, Unfinished

Interior

Interior Features Floor Plan - Open

Hot Water Oil, Electric

Heating Forced Air

Cooling Window Unit(s)

Fireplace N

Heat Source Oil

Laundry Basement, Hookup

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Private Pool No

Building

Story 2

Foundation Permanent

Above Ground Finished SqFt 720

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 2

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Red Clay Consolidated

Others

Senior Community No

Tax ID 19-004.00-188

Ownership Fee Simple

SqFt Source 720

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard