533 Manly Avenue, Wilmington, NC 28405 (MLS# 100328843)

533 Manly Avenue, Wilmington, NC 28405

$2,000,000

Property Type: Comm Sale or Lease Square Footage: 960 Lot Size (sq. ft.): 6,273 Status: Closed

Current Price: $2,000,000 List Date: 5/19/2022 Last Modified: 8/10/2022

Overview

Description

his is a 12 property single family portfolio throughout downtown Wilmington. Currently the total rents for 12 properties brings in a total of $200,400 a year and these rents can be increased. Great business plan to rent as is for a couple of years with a great return and then slowly make updates to the properties as they get more desirable and as more homes around them continue to be flipped increasing the value. At that time you can decide to sell or raise rents or flip the properties one by one depending on your investment goal. Most of the properties are on guarantee rent programs and is a direct deposit each month for easy management. Rent roll and additional information is in the document section. We can also provide any other information needed. The address consist of 1205 Queen, 1309 Glenn, 1315 Castle, 611 N 12th, 1102 Emory, 1111 N 30th, 2803 Spaulding, 514 Maides, 526 Manly, 533 Manly, 545 Manly.

Listing Details MLS# 100328843

Contract Info

Delayed Marketing?: No
Marketing Start Date: 2022-05-19
Sub-Type: Multi Family
Auction: No
Listing Price: 2064000
List Price/SqFt: 2150
Stipulation of Sale: Standard

Location Information

Street #: 533
Street Name: Manly
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28405
City Limits: Yes
Marketing City: Wilmington
Subdivision: Ridgecrest
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: From Market St W to Right on Princess Place to Right on Manly - property on left just before Maides Park
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 960

Legal and Taxes

Tax Assessed Value: 112400
Legal: LOT 10 RIDGECREST
Broker Owner: No
PID: R04909003029000
Tax Identifier: R04909-003-029-000
Total Real Estate Property Taxes: 961.92
Special Assessments: NONE
Tax Year: 2021
Year Built: 1997
Zoning: R-5
HOA: No
Cobra Zone: No

More Information

Status Change Info

Under Contract Date: 2022-06-27
Sold Date: 2022-08-09

Property Features

Heating System Fuel Source: See Remarks

IDX

Listing Office: Keller Williams Innovate-Wilmington

Last Updated: August - 10 - 2022

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