Category: Residential Real Estate

Developers share what scares them most

By Kathy Canavan Four major Wilmington developers told what keeps them up at night at the Urban Land Institute’s Delaware Developers’ Forum earlier this month. Michael Hare, senior vice president of Buccini Pollin Group, got a round of applause when he joked, “The presidential election terrifies me. It does keep me up at night, especially…

Charitable gifting through donations of real estate is one of the most underutilized methods of transferring assets in today’s market, although in many cases it can be the most viable strategy as far as the disposition of certain real estate is concerned. An estimated $300,000 billion of assets are given to more than 1.3 million 501C3…

ALEX VEIGA, AP Business Writer U.S. homebuilders are feeling slightly less confident in their sales prospects heading into next year, even as their overall sales outlook remains favorable. The National Association of Home Builders/Wells Fargo builder sentiment index released Tuesday slipped this month to 62, down three points from a revised reading of 65 in…

  Dover multi-family property Location: 305 S. Governors Ave., Dover Asking price: $235,000 Size: 3,621 square feet Price per square foot: $65 Setting: This circa-1852 former B&B is just a block south of Dover’s downtown retail district and near city and state government buildings, making it feasible for a B&B or retail or office use.…

Fairfax Apartments Location: 2201-2207 Inglewood Drive, Wilmington Asking price: $1.4 million Size: 16,000 square feet; 16 units Price per unit: $87,500 Setting: Four adjacent four-unit apartment buildings in quiet and secure residential neighborhood just one block off Concord Pike in Brandywine Hundred. Features: Buildings have central gas heating systems, public water and sewer, and individual…

Multi-family property  Location: 500 N. Rodney St., Wilmington Asking price: $500,000 Size: 5,100 square feet, nine units Price per unit: $55,555.56 Features: Well-maintained solid masonry nine-unit apartment building with separate electric, heat and hot water. Upgraded kitchens and bathrooms. Operating income of $44,394. Private, fenced off-street parking. Setting: Blocks from St. Francis Hospital. Contact: Peter…