727 E 7th St, Wilmington, DE 19801

Property Description

Welcome to the Eastisde of the City of Wilmington! A flourishing community filled with significant and active housing projects on almost every block in the area. New construction, in place renovations, and hybrid projects are in various stages of development from concept to finishing touches. Excellent opportunity for aspiring First Time Home Buyer to enter home ownership. Curb appeal abounds the moment you approach this home, located on a quaint and quiet street with abundant parking and walking distance to a high end corner store restaurant. Across the threshold you will be greeted with a modern flare crafted inside a classic dwelling. Spacious living room drenched with natural and recessed light alike make for a warm and inviting living environment. Show stopping gourmet kitchen features white shaker cabinetry, topped with granite, flanked with a subway tile backsplash, and finished with a stainless appliance package. More recessed light keep the area illuminated during food preparation and entertainment alike while LVP flooring graces every step on the main level. Rear grassy knoll is expansive and features an elevated deck perfect for relaxing after a hard day on the grind. Comfy carpeting whisks you away to the second level which is host to two stable sleeping chambers with thoughtful storage elements. Full bathroom services this level and is covered with tile on the floor and tub surround, and has high end plumbing and electric fixtures to create a proper cleansing environment to refresh and get you ready for the day ahead. Updates from top to bottom include roof, windows, exterior/interior doors, wiring, plumbing, HVAC, duct work, and more making this a true turn key offering with minimal maintenance expenditures as time moves forward. Excellent opportunity for First Time Home Buyer to finance this home with under $1,300 total out of pocket expenses for your loan/closing and a monthly mortgage payment of approximately $1,200 a month. These numbers represent a drastic affordability compared to rent for the same property. Investors take note as the numbers for rent make this a perfect DSCR Loan acquisition. As the property sits, it also lends itself perfectly for an AirBnB venture. Lastly, downsizing Buyers looking to cut their housing to a more reasonable size while still enjoying home ownership. Finally, an affordable housing solution that works for all Buyer types. Nothing left to do but unpack your bags and move in!