2825 Madison Street

Wilmington, DE 19802

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.

Listing courtesy of ? 3024294500



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.