621 N 11th Street, Wilmington, NC 28401
$3,975,000
Property Type:
Comm Sale or Lease
Status:
Closed
Current Price:
$3,975,000
List Date:
2/12/2024
Last Modified:
1/01/2025
Overview
Description
20 door portfolio consisting 14, 3 bedrooms. and 6, 2 bedrooms. Currently has a rental income amount of $332,928. All rents are currently below market value by a large amount. Fair market value with approved government funded numbers ready for rent increases puts the pro forma at a rental income amount of $482,400. All utilities are in the tenants name. Reach out and we can provide you with rent roll, and approved s8 government funded worksheet.
Listing Details MLS# 100427097
Contract Info
- Available Date
- 2024-02-12
- Delayed Marketing?
- No
- Marketing Start Date
- 2024-02-12
- Sub-Type
- Multi Family
- Garage
- N/A
- Sale/Lease
- Sale
- Listing Price
- 4499800
- Stipulation of Sale
- Standard
Location Information
- Street #
- 621
- Pre Direction
- N
- Street Name
- 11th
- Street Suffix
- Street
- County
- New Hanover
- State/Province
- NC
- Zip Code
- 28401
- City Limits
- Yes
- Subdivision
- Not In Subdivision
- Secondary Subdivision
- N/A
Remarks and Showing
- Directions to Property
- South on Market Street towards downtown. Right onto 23rd St. Left onto Princess Place Drive, Right onto N 11th St, Continue on King St, property is on the corner of King and Wynnwood St.
- Sign on Property
- No
Building Info
- New Construction
- No
Legal and Taxes
- Tax Assessed Value
- 89200
- Deed Book
- 6350
- Deed Page
- 634
- Legal
- Lot 8 Blk 5 Love Grove
- Broker Owner
- No
- PID
- R04806-002-008-000
- Tax Identifier
- R04814-010-018-000
- Plat Book
- 00
- Plat Page
- 00
- Total Real Estate Property Taxes
- 753.74
- Special Assessments
- None
- Tax Year
- 2023
- Year Built
- 1948
- Zoning
- R-3
- Cobra Zone
- No
Status Change Info
- Under Contract Date
- 2024-11-27
- Sold Date
- 2024-12-30
More Information
Building/Ext Features
- Lot Acres
- 0
- Lot SqFt
- 0
- Lot Dimensions
- irregular
- SqFt - Total Available
- 0
- Location Type
- Mainland
Current Use
- Multi-Family
- Yes
Lot Water Features
- None
- Yes
Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Sale/Lease Includes
- See Remarks
- Yes
Heating System Fuel Source
- Electric
- Yes
Property Features
Current Use:
Multi-Family
Lot Water Features:
None
Heating System Fuel Source:
Electric
Terms:
1031 Exchange; Cash; Conventional
Listing Office:
Keller Williams Innovate-Wilmington
IDX
Last Updated: January - 01 - 2025
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