Photo of 1001 W 8th Street, Wilmington DE
     
1001 W 8th Street
Wilmington, DE 19806
Wilmington
Red Clay Consolidated School District
New Castle County
Asking Price$1,050,000
# of Units2
1 Bdrm Units9
Acres0.11
Interior SqFt4,350
Age137
HeatingNatural Gas
CoolingCentral A/C
WaterPublic
SewerPublic
Garages0
Taxes (2025)8,065

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!

Room Sizes

Location


Driving Directions
Pennsylvania Ave. towards the City of Wilmington. Right onto N. Jackson St. Right onto W. 8th St. End at subject on the right hand corner.

Details
Architectural Type - Colonial
Parking - Concrete Driveway, On Street, Driveway
Flooring - Carpet, Laminate Plank, Vinyl
Basement - Full, Outside Entrance, Unfinished, Stone
Exterior Features - Exterior Lighting, Fire Escape, Sidewalks, Street Lights, Porch(es), Deck(s), Brick
Cooling - Central A/C, Ceiling Fan(s), Electric
Heating - Forced Air, Heat Pump - Electric BackUp, Hot Water & Baseboard - Electric, Natural Gas, Electric
Hot Water - Natural Gas, Electric
Sewer - Public Sewer
Water - Public

Notes
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Assessment : 0
Latitude : 39.747500
Longitude : -75.558770
EveryHome Number : ENC209-60418
Listing Courtesy Pantano Real Estate Inc
Zoning Designation 26R-3