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East 12th & North King Street Street
Wilmington, DE 19801
Asking Price
$3.20M
Asset Type
Apartment Building Retail
Class
Class B
What's Special
King and Market Street Assemblage <ul><li><span style="color: rgba(33, 37, 41, 1)">.60 +/- Acre Parking Lot - Downtown Wilmington Location</span></li><li><span style="color: rgba(33, 37, 41, 1)">Close proximity to Office, Government, Retail, and Residential Buildings</span></li><li><span style="color: rgba(33, 37, 41, 1)">Strong Demand for Downtown Parking, Investment or Apartment Redevelopment</span></li><li><span style="color: rgba(33, 37, 41, 1)">Zoning: 26C-4 Commercial allowing for a wide range of downtown uses includin
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NOI
$80,000
Cap Rate
2.50%
DSCR
0.42
Underwater
Cash-on-Cash
-11.46%
Monthly Payment
$15,831.854
Annual Cash Flow
$-109,982.248
