Rare opportunity to acquire a portfolio of 17 garage units, including one oversized double garage, offering immediate income potential with additional upside. Currently, 13 garages are tenant occupied with 4 vacant units, providing the opportunity to increase cash flow through lease-up or owner use. Significant capital improvements have already been completed, making this a low-maintenance investment. All garage roofs were repaired or replaced between 2023 and 2024, and nearly every garage door was replaced during the same period. One garage features a custom-built wooden door, designed to accommodate a long-term tenant's oversized vehicle that exceeds the height of a standard overhead door. Whether you're looking to expand your investment portfolio, generate passive income, or provide secure storage solutions in a high-demand area, this unique property offers exceptional flexibility and value. With multiple tenants already in place and several vacant units ready to lease, investors have the opportunity to realize immediate income while increasing returns over time. Don't miss this rare chance to own a well-maintained collection of garages with strong income-producing potential in the City of Wilmington.
Investment opportunity featuring 12 individual garages offered for sale as part of three separate parcels. Each garage has been freshly updated with painted floors and solar-powered interior lighting, providing clean, functional space ready for immediate use or rental. Ideal for vehicle storage, contractor equipment, business inventory, or personal storage. 11 of the garages are currently vacant with only one tenant in place. This is your chance for excellent low maintenance, income-producing potential for investors or flexibility for an owner/user. Sale includes all garages and the three associated parcels.