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1001 & 1003 W. 8th St. W 8th St , Wilmington, DE 19806
$950,000
Est. Payment: $5,195.37/mo
9 Bath
4350 Sqft
0.11 Acres
Status: active | Days on site: 196
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PANTAN - 3129433
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House 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! Two unit apartment building comprised of a twin structure with separate entrances with a common access basement is ready for its next operator. 1001 offers four bedrooms 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!

Highlights

Listed by Joseph P Hurley III , 3027405524 Pantano Real Estate Inc , 3028880300. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1889

County

New Castle

Area

Wilmington (30906)

School District

Red Clay Consolidated

Listing ID

DENC2099036

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bathrooms:9
  • ▪ Full Bathrooms:9
Air Cond:Central A/C,Ceiling Fan(s)
Fireplaces:
Floor:Carpet,Laminate Plank,Vinyl
Above Ground Sq Ft:4350
Basement:Full,Outside Entrance,Unfinished
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No,In City Limits
Lot Dimensions:47x105
Garage Capacity:4
Zoning:26R-3
Roof:Flat
Others:
  • ▪ Additional:Exterior Lighting, Fire Escape, Sidewalks, Street Lights, Good
Sewer:Public Sewer
Parking Features:Concrete Driveway,On Street,Driveway,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$5,195
Taxes
$672

Home Price

$950,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$190,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,195.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,195.37 $672.10 $0.00 $5,867.47
Yearly $62,344.43 $8,065.21 $0.00 $70,409.64
Total $1,870,332.97 $241,956.30 $0.00 $2,112,289.27
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Wilmington, DE).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T05:05:10.000Z

© 2026 Bright MLS