Excellent Investment Opportunity. A 2-story duplex on a large corner lot with Commercial zoning and direct Kirkwood Highway frontage. The first-floor apartment offers one bedroom, a fully remodeled bathroom, a living room, a kitchen, and laundry access in the full basement - this unit is in excellent condition. The 2nd-floor unit offers three bedrooms, a living area, and a kitchen. Both units have private entrances and separate utilities. Tenants are long-term and would prefer to stay but are currently month-to-month. With the excellent location that offers high traffic exposure, a large corner lot, and ample off-street parking, this property in the heart of Elsmere offers many possibilities. Buyers are encouraged to conduct thorough due diligence and inquire about any specifications necessary for their envisioned uses.
The median home value in Elsmere, DE is $234,900. This is lower than the county median home value of $311,200. The national median home value is $338,100. The average price of homes sold in Elsmere, DE is $234,900. Approximately 60.19% of Elsmere homes are owned, compared to 28.08% rented, while 11.72% are vacant. Elsmere real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Elsmere real estate agent to arrange a tour today!
Elsmere, Delaware has a population of 6,167. Elsmere is less family-centric than the surrounding county with 23.88% of the households containing married families with children. The county average for households married with children is 27.86%.
The median household income in Elsmere, Delaware is $66,833. The median household income for the surrounding county is $78,428 compared to the national median of $69,021. The median age of people living in Elsmere is 34.1 years.
The average high temperature in July is 86.3 degrees, with an average low temperature in January of 24.5 degrees. The average rainfall is approximately 46.1 inches per year, with 13.1 inches of snow per year.