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Bill Beards

bbeards@shapetec.com +1(610) 334-4527

Listed by Joseph P Hurley III • Pantano Real Estate Inc

$1,050,000

Est. payment - /mo

4,350 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 4,350 sqft

Price per Sqft $241

MLS Listing ID DENC2099036

Style Colonial

Abv Grd Liv Area 4,350

Year Built 1889

Annual Tax Amount $8,065

Tax Year 2025

Lot Size 4,935 Sqft

Acres 0.11

Lot Dimensions 47x105

Property Sub-Type Twin/Semi-Detached

Source 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

Rooms

Basement Full, Outside Entrance, Unfinished

Interior

Hot Water Natural Gas, Electric

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

Cooling Central A/C, Ceiling Fan(s)

Flooring Carpet, Laminate Plank, Vinyl

Inclusions As Shown

Fireplace N

Heat Source Natural Gas, Electric

Exterior

Exterior Feature Porch(es), Deck(s)

Garage Spaces 4.0

Water Access N

Roof Type Flat

Accessibility None

Porch Porch(es), Deck(s)

Total Parking Spaces 4

Garage N

Building

Foundation Stone

Above Ground Finished SqFt 4350

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

Structure Type Dry Wall,Plaster Walls

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 26-027.40-292 & 26-027.40-291

Ownership Fee Simple

SqFt Source 4350

Acceptable Financing Cash, Exchange, Private, Wrap

Listing Terms Cash, Exchange, Private, Wrap

Financing Cash,Exchange,Private,Wrap

Special Listing Condition Standard

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Nearby School & Business

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Bill Beards

+1(610) 334-4527

RSRS287399

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

Bill Beards

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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