$299,000 1000 W 8th St Wilmington, DE

MLS: 6764910   Type: Multi-Family   County: New Castle   City: Wilmington   Neighborhood: Cool Spring   Zip: 19806   Style: Row/Town/Clu   # Rooms: 22    Taxes: $3,555

Mortgage $1,404 /mo



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Invester alert: Great opportunity to own a stable apartment build in Wilmington. This building is in very good condition. 4 of the 5 units have been remodeled in the last 3 years. This is a legal 5 unit building with a garage and storage area. Washer and dryer in storage for tenants. Add coin operated for additional income or charge extra in rent for use of Washer/Dryer. The exterior of building is mostly brick and concrete so maintenance is very easy. Each unit has there own utilities and tenants pay for the utilities for their unit. Public trash/ water & sewer by the city of Wilmington. Long tem tenants and building is close to I-95, cool Springs, Trolley square, Downtown Wilmington & Train Station. Building very well maintained. Proforma included online in diclosures section labled Rental Income. This property is in a City Historic District as well as a National Register of Historic Places District which opens door to tax credits for certified renovations. Property Is being sold as Is: No warranties expressed or Implied. Inspections are for informational purposes only.

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Price History

4/7/2016 Listed $325,000
5/16/2016 2% - $319,900
8/22/2016 7% - $299,000

Accessibility None
Centralair Y
Garage Y/N Y
Hot Water Electric
Is Twin No
Listing Area Wilmington
New Construction N
Property Type Multi-Family
School District Red Clay Consol
Subdivision COOL SPRING
Type Row/Town/Clu
Zoning 26R-3

Interior Features

Basement N
Buildingfloors 3.0
Cooling Central A/C
Flooring Wood, Fully Carpeted, Vinyl
Heating Gas, Hot Water
Interior Features CableTVAvail
Laundry Type YesLaundry
Onebedroomunits 3
Partialbathcountunit1 0
Partialbathcountunit2 0
Partialbathcountunit3 0
Partialbathcountunit4 0
Partialbathcountunit5 0
Roomcountunit1 5
Roomcountunit2 4
Roomcountunit3 5
Roomcountunit4 4
Roomcountunit5 4
Twobedroomunitcount 2
Units 5
Unittype1actualrent 850.0
Unittype1bathstotal 1
Unittype1bedstotal 2
Unittype2actualrent 675.0
Unittype2bathstotal 1
Unittype2bedstotal 1
Unittype3actualrent 800.0
Unittype3bathstotal 1
Unittype3bedstotal 2
Unittype4actualrent 750.0
Unittype4bathstotal 1
Unittype4bedstotal 1
Unittype5actualrent 675.0
Unittype5bathstotal 1
Unittype5bedstotal 1

Exterior Features

Design ConvDwlg
Exterior Brick
Exterior Features Sidewalks, StreetLights
Garage Spaces 1-CarGarage
Garage Type Attached
Lot Dimensions 78 X 24
Parking Features Street
Roof PitchedRoof
Sewer Public Sewer
Water Public
Waterfront Property N

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Property vs Zip Code Avg (19806)

Price 299K Avg 375K

Taxes $3,555 Avg $2,857

Acres 0.06 Avg 0.06

Visits 60 Avg 16

Walkscore® 84 Avg 77

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Listing Provided Courtesy Of: Patterson-Schwartz-Lancaster

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Location & Address

eXp Realty Delaware
State Broker of Record is located at 144 Kings Hwy, Suite 301, Dover, DE 19
Dover, DE