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About This Home
This 0-bedroom, 0-bathroom residential multi family at 1001 & 1003 W. 8th St. W 8TH Street in WILMINGTON, DE is listed for $1,050,000 ($241 per sqft). Built in 1889, the home offers 4,350 sqft of living space on a 0.11 acres lot.
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!
Key Features
- Built in 1889
- 0.11 acre lot
- 4 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$5,616/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1001 & 1003 W. 8th St. W 8TH Street
WILMINGTON, DE 19806
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 1001 & 1003 W. 8th St. W 8TH Street is listed at $1,050,000 ($241/sqft). The estimated monthly payment is $4,550 based on 20% down at 6.5% interest.
Key features include: Built in 1889, 0.11 acre lot, 4 parking spaces.
This property is listed by Joseph P Hurley III and can be reached at 3027405524 or jphurley27@gmail.com.
