The Lucania - Wilmington

Constructed in 1920, The Lucania comprises 15 units. The 3-story building features a brick exterior on wood joist framing with a graded torched-down asphalt roof. The property contains (15) large one-bedroom units. Tenants are responsible for electricity, heat, and hot water, while the owner provides cold water and sewer. Additional storage space is available for tenants. 

With little to no deferred maintenance and desired floor plans, the property offers a new owner the option to complete renovations to the kitchens and baths and increase the rent by 20% or more. 

The Lucania is located directly off Interstate 95 providing daily commuters convenient access to employment hubs, and entertainment and recreation options. 

This offering is an outstanding opportunity to acquire a highly occupied, value-add property situated directly off of Interstate 95 and within minutes of Downtown Wilmington.