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Wilmington, NC 28401

$1,595,000
Property Type: Comm Sale or Lease Square Footage: 5,990 Lot Size (sq. ft.): 10,890 Status: Active
Current Price: $1,595,000 List Date: 4/08/2024 Last Modified: 6/07/2024

Description

7 unit fully occupied, government funded, direct deposit, apt complex in prime Downtown Wilmington! This cash cow brings in roughly over 150k per year, gross. Tenants pay the majority of all utilities. The asset has gone through some big renovations in past few months. Roof is 2016, all hvacs are brand new, 5 of 7 water heaters just replaced, new kitchen cabinets, appliances, bathrooms updated, showers refinished, interior and exterior doors replaced, new electrical outlets and light switches, new LVP flooring in 4 of 7 of the units, new windows in some of the units, exterior painted and updated and all the leases have about 8-10 months left. High security deposit that were collected and transfer to new owner. With proof of funds we will send over rent roll/P&L's. You're not going to want to miss this opportunity.

More Information MLS# 100437467

Contract Info

Available Date: 2024-04-08 Status: Active Delayed Marketing?: No Delayed Marketing Date (DM): 2024-04-08 Garage: Masterlock Listing Price: 1595000 Current Price: $1,595,000 List Price/SqFt: 266.28 Sub Agent Comm $/%: % Buyer Agent Comm: 2.25 Buyer Agent Comm $/%: % Variable Comm: No Stipulation of Sale: None

Location Information

County: New Hanover State/Province: NC Zip Code: 28401 City Limits: Yes Marketing City: Wilmington Subdivision: Downtown Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: Market Street toward the river. Take a right on 10th Street. The property is on the corner of 10th and Grace St Sign on Property: No

Building Info

New Construction: No

Building/Ext Features

Lot Acres: 0.25 Lot SqFt: 10890 Lot Dimensions: 165x66 SqFt - Total Available: 5996 SqFt - Heated (Primary): 5990 Location Type: Mainland

Legal and Taxes

Tax Assessed Value: 470300 Deed Book: 5925 Deed Page: 1200 Legal: NWM 1 BLK 200 Broker Owner: No PID: RO4818-003-001-000 Tax Identifier: R04818-003-001-000 Total Real Estate Property Taxes: 3974.04 Special Assessments: None Tax Year: 2023 Year Built: 1956 Zoning: R-5 Cobra Zone: No

Property Features

Sale/Lease Includes: Buildings; Land; See Remarks Parking Features: Concrete; Lighted; Off Street; On Site; Paved; Private Current Use: Multi-Family; Residential Heating System Fuel Source: Electric
Listing Office: Keller Williams Innovate-Wilmington
Last Updated: June - 07 - 2024
Wilmington, NC 28401- MLS# 100437467
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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