370 S Kerr Avenue Unit 105, Wilmington, NC 28403 (MLS# 100411313)

370 S Kerr Avenue Unit 105, Wilmington, NC 28403

$2,300,000

Property Type: Comm Sale or Lease Square Footage: 12,000 Status: Closed

Current Price: $2,300,000 List Date: 10/24/2023 Last Modified: 12/16/2024

Overview

Description

Package of ten condos in a great community in PRIME location of Wilmington, North Carolina. Each unit has 3 beds/3 baths and is located less than a mile to the UNCW campus. Within a mile to plenty of shopping and less than 5 mins to the beach! Spacious bedrooms all with their own private bathrooms and walk-in closets. Ideal as investment properties. All properties currently below market value. How dues are 2400/year for each unit. Property taxes are close to 20k in total. Each property should be able to rent for 2100-2200. 4 units recently vacant and have been turned and ready for rent to be increased. NOI with pro forma is roughly 225k annually. Reach out for more information! 370 S. Kerr Ave. Unit 105 Wilmington, NC 28403 ((tenant occupied until 4/2024) 370 S. Kerr Ave. Unit 106 Wilmington, NC 28403 370 S. Kerr Ave. unit 103 Wilmington, NC 28403 (no washer/dryer) 370 S. Kerr Ave. unit 104 Wilmington, NC 28403 (tenant occupied until 10/14/2023, $1,800) 370 S. Kerr Ave. unit 304 Wil ... (Read more)

Listing Details MLS# 100411313

Contract Info

Available Date: 2023-10-20
Delayed Marketing?: No
Marketing Start Date: 2023-10-24
Sub-Type: Multi Family
Garage: N/A
Sale/Lease: Sale
Auction: No
Listing Price: 2149900
List Price/SqFt: 179.16
Stipulation of Sale: Standard

Location Information

Street #: 370
Pre Direction: S
Street Name: Kerr
Street Suffix: Avenue
Unit #: Unit 105
County: New Hanover
State/Province: NC
Zip Code: 28403
City Limits: Yes
Marketing City: Wilmington
Subdivision: Kerr Crossing
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: College to Randall Parkway, turn left at stoplight onto Kerr Ave, immediately turn right into Kerr Crossing Parking lot (corner of Randall & Kerr)
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 12000

Legal and Taxes

Deed Book: 6323
Deed Page: 1820
Legal: Unit 105 Bldg 1 Kerr Crossing Child Split From R05507-001-011-000
Broker Owner: No
PID: R05507-001-011-005
Tax Identifier: R05507-001-011-005
Plat Book: 00
Plat Page: 00
Special Assessments: none
Tax Year: 2022
Year Built: 2007
Zoning: RES
Cobra Zone: No

More Information

Status Change Info

Under Contract Date: 2024-10-08
Sold Date: 2024-12-16

HOA

Association Fee 1/Year: 2400
Association Name: Kerr Crossing
Association Phone: 9109007767
HOA 1 Mgmt. Company: Unlimited Property Management

Property Features

Business Type: Comm Condominium Exterior Finish: Vinyl Siding Flooring: Carpet Heating System Fuel Source: Electric

IDX

Listing Office: Keller Williams Innovate-Wilmington

Last Updated: December - 16 - 2024

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