Denean Johnson - Coachman Properties Logo
$950,000
 $5,100 est/mo Sourced by Back At You

1001 & 1003 W. 8th St. W 8th St,WILMINGTON, DE 19806

WILMINGTON, DE 19806

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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!

Details

MLS #DENC2099036
Listing TypeFor Sale
Sub-TypeResale
StatusActive-bright
Year1889
Days On Site150
Listing Provided ByPantano Real Estate Inc | Joseph P Hurley III

Features

SQ Feet4,350
BasementY
Story(s)3
Units2
Zoning26R-3
Acreage0.11

Interior

CoolingCentral A/C, Ceiling Fan(s)
Heating Yes / NoYes
HeatingForced Air, Heat Pump - Electric Back Up, Hot Water & Baseboard - Electric

Exterior

Exterior FeaturesExterior Lighting, Fire Escape, Sidewalks, Street Lights
RoofFlat
Construction MaterialsBrick
Foundation DetailsStone

Parking

Garage Yes / NoNo
Parking FeaturesConcrete Driveway

Taxes

Tax Annual Amount8065.21

Area Information

StateDE
CountyNEW CASTLE DE
CityWILMINGTON
Zip Code19806
AreaWilmington (30906)
School DistrictRED CLAY CONSOLIDATED
Listing VS Median (in 19806)
Price:
$950,000
low | high
Med:
$244,948
100% of Average
sqft:
4,350
low | high
Med:
1,148
100% of Average
$ / sqft:
$218
low | high
Med:
$216
51.033010835913% of Average
On site:
150
low | high
Med:
53.5
100% of Average
Sourced by Back At You

Market Activity 19806

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Learn More About This Property

Denean Johnson

Denean Johnson

Coachmen Properties

5016363 (240) 485-8580deneanjohnson2@gmail.com
StateDE
CountyNEW CASTLE DE
CityWILMINGTON
Zip Code19806
AreaWilmington (30906)
School DistrictRED CLAY CONSOLIDATED
Listing VS Median (in 19806)
Price:
$950,000
low | high
Med:
$244,948
100% of Average
sqft:
4,350
low | high
Med:
1,148
100% of Average
$ / sqft:
$218
low | high
Med:
$216
51.033010835913% of Average
On site:
150
low | high
Med:
53.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $712K - $1.187M
sqft: 3,000 - 5,000
Nearby Listings Property ImageNearby Listings Details
902 N MADISON ST Property Photo 1
$439,900
902 N Madison St
Wilmington, DE 19801
Listing Updated: August 27, 2026 at 10:13:55 AM PDT

Denean Johnson - Coachman Properties