$1,550,000
$1,595,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
Wilmington, NC 28401
5,990 SqFt
Key Details
Sold Price $1,550,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,990 sqft
Price per Sqft $258
Subdivision Downtown
MLS Listing ID 100437467
Sold Date 11/08/24
Originating Board North Carolina Regional MLS
Year Built 1956
Annual Tax Amount $3,974
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 165x66
Property 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.
Location
State NC
County New Hanover
Community Downtown
Zoning R-5
Direction Market Street toward the river. Take a right on 10th Street. The property is on the corner of 10th and Grace St
Interior
Heating Electric
Exterior
Garage Private, Concrete, Lighted, Off Street, On Site, Paved
Building
New Construction No
Others
Special Listing Condition None
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