1001 & 1003 W. 8TH ST. W 8TH ST, Wilmington, DE 19806
1001 & 1003 W. 8TH ST. W 8TH ST, Wilmington, DE 19806
1001 & 1003 W. 8TH ST. W 8TH ST, Wilmington, DE 19806
1001 & 1003 W. 8TH ST. W 8TH ST, Wilmington, DE 19806
1001 & 1003 W. 8TH ST. W 8TH ST, Wilmington, DE 19806
1001 & 1003 W. 8TH ST. W 8TH ST, Wilmington, DE 19806
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Pumsu Lim

Pumsu Lim

+1(506) 970-3459
$ 1,050,000
Est. payment | /mo

4,935 Sqft Lot

Save
$ 1,050,000
Est. payment | /mo
Save

4,935 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Lot Size 4,935 Sqft

MLS Listing ID DENC2099042

Financing Cash,Exchange,Private,Wrap

Total Units 9

Short Sale No

Originating MLS BRIGHT

Property Description

Welcome to Cool Springs, located on the Westside of the City of Wilmington! Proximity to highways, places of worship, educational facilities, and moments to hot spots in Trolley Square, Union Street, and the Central Business district downtown, this is right in the middle of it all! Nine unit apartment building comprised of two structures with separate entrances with a common access basement is ready for its next operator. 1001 offers four units while 1003 offers five. A sliver of off street parking rounds out the amenities for tenants and management alike. An eclectic mix of modern and functional units that afford a cozy lifestyle for tenants. Separate systems make operation dynamics a breeze and keep owner expenses to a minimum. Excellent opportunity for some value add projects while repositioning of rents to increase cash flow and maximize return on investment. Could be the cornerstone of a performing portfolio, or a healthy addition to a scaled operation. A unique opportunity in a desirable locale for the smart investor to capitalize on!

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-3

Interior

Hot Water Electric, Natural Gas

Heating Forced Air, Heat Pump - Electric BackUp, Hot Water & Baseboard - Electric

Cooling Ceiling Fan(s), Central A/C

Flooring Carpet, Laminate Plank

Inclusions As Shown

Heat Source Electric, Natural Gas

1-purchase type For Sale

Exterior

Garage Spaces 4

Waterfront N

Water Access N

Roof Type Flat

Accessibility None

Parking Type Driveway, On Street

Total Parking Spaces 4

Building

New Construction N

Foundation Stone

Lot Dimensions 47x105

Sewer Public Sewer

Water Public

Schools

School District Red Clay Consolidated

Others

Tax Amount $8,065

Tax Year 2025

Tax ID 2602740291 & 26-027.40-292

Ownership Fee Simple

Acceptable Financing Cash, Exchange, Private, Wrap

Special Sale Standard

Bright MLS (BMLS)
testyfx76
Listed by Joseph P Hurley III • Pantano Real Estate Inc

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