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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!
| DAYS ON MARKET | 0 | LAST UPDATED | 4/18/2026 |
|---|---|---|---|
| YEAR BUILT | 1889 | COMMUNITY | Wilmington (30906) |
| COUNTY | NEW CASTLE | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | RED CLAY CONSOLIDATED |
|---|
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Central Air, Electric |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater, Gas Water Heater |
| AREA | Wilmington (30906) |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Electric, Forced Air, Heat Pump, Natural Gas |
| LOT | 4792 sq ft |
| LOT DIMENSIONS | 47x105 |
| PARKING | On Street, Driveway |
| SEWER | Public Sewer |
| STORIES | 3 |
| TAXES | 8065.21 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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