, Wilmington, NC 28401 (MLS# 100437467)

Wilmington, NC 28401

$1,550,000

89-web-or-mls-Photo Mar 18 2024, 6 52 27

90-web-or-mls-Photo Mar 18 2024, 6 52 27

Property Type: Comm Sale or Lease Square Footage: 5,990 Lot Size (sq. ft.): 10,890 Status: Closed

Current Price: $1,550,000 List Date: 4/08/2024 Last Modified: 11/11/2024

Overview

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.

Listing Details MLS# 100437467

Contract Info

Available Date: 2024-04-08
Delayed Marketing?: No
Marketing Start Date: 2024-04-08
Garage: Masterlock
Listing Price: 1595000
List Price/SqFt: 266.28
Stipulation of Sale: Standard

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

BuildingExt Features

SqFt - Heated (Primary): 5990

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

More Information

Status Change Info

Under Contract Date: 2024-09-04
Sold Date: 2024-11-08

Property Features

Parking Features: Concrete; Lighted; Off Street; On Site; Paved; Private Current Use: Multi-Family; Residential Heating System Fuel Source: Electric

IDX

Listing Office: Keller Williams Innovate-Wilmington

Last Updated: November - 11 - 2024

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