1300-1302 N French St Immeuble residentiel 9 lots 1 051 464 € (116 829 €/Lot) Taux de capitalisation 8,09 % Wilmington, DE 19801

• 8 units today, 9 tomorrow – well-located 8-unit multifamily with a potential 9th unit (subject to zoning).
• Widener Law School arriving three blocks away – Delaware Law School relocates to 1020 N French St for the 2027–28 academic year as part of the $250M Bridge Project, bringing 2,000+ students, faculty,
and staff downtown
• 8.09% stabilized cap rate at the $1,200,000 asking price
• Three clear value-add levers – lease-up of the 9th unit, RUBS implementation (80% recapture), and a
tax appeal on the $1,478,500 assessment vs. the $1,200,000 purchase price
• Diverse, in-demand unit mix – (2) three-bedroom, (3) two-bedroom, (3) one-bedroom, and (1) efficiency
units serving Wilmington’s deepest renter pools
• Prime downtown location near the hospital, courts, and CBD employment hubs, supported by strong
Wilmington rental demand
• Excellent connectivity via I-95, the Wilmington train station, and public transportation