Wilmington, NC 28401
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Wilmington, NC 28401
Wilmington, NC 28401
Wilmington, NC 28401
Wilmington, NC 28401

$1,550,000

Est. payment /mo

$1,595,000

2.8%
Est.Price: ?

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Wilmington, NC 28401

5,990 SqFt

SOLD DATE : 11/08/2024

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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Hive MLS / (NCRMLS)
Listed by Keller Williams Innovate-Wilmington

Walter Ciucevich

Broker | License ID: 320028

+1(910) 644-4801

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