106 N Water Street 907, Wilmington, NC 28401

$399,000
Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 585 Status: Active
Current Price: $399,000 List Date: 9/27/2025 Last Modified: 12/10/2025

Description

Act now and secure $7,200 in seller-paid credits to apply to closing costs or a 2-1 temporary rate buy down to reduce your monthly payment (see lender's flyer). This limited incentive applies to any accepted offer on or before December 31, even if the closing occurs in the new year. So secure your savings today! TOP-FLOOR, turnkey investment opportunity in one of downtown Wilmington's premier riverfront condo buildings. Unit 907 is a fully furnished 1BR/1BA with 585 sq. ft., large enclosed balcony, and unobstructed Cape Fear River views. The property boasts an outstanding rental history (over $35K gross rental income in 2024) with proven demand across short-, medium-, and long-term stays. Key upgrades include a remodeled kitchen and bath plus a new HVAC installed in May 2024. Unlike many comparable units, this condo features a full kitchen, making it attractive to extended-stay tenants such as traveling professionals. HOA permits short-term rentals, a rare distinction in the Historic District, broadening income potential. Property is offered fully furnished and stocked, allowing for immediate income generation. Located on the 9th floor, residents enjoy quiet separation from downtown street activity and some of the best sunset views in Wilmington. Strong guest reviews consistently highlight comfort, views, and location. Ideal for investors seeking a proven, flexible income stream, or for buyers wanting a second home with offsetting rental revenue. Contact listing agent for showing instructions, as unit is frequently occupied.

More Information MLS# 100533151

Property Interior Info

ud_i_10: 1 Total SqFt - Heated (Primary + Separate): 585 # Rooms: 3 # Baths - Full: 1 # Baths - Half: 0 # Baths - Total: 1 Master Bedroom Level: Primary Living Area Stories: 1 Fireplace Y/N: No SqFt - Heated (Primary): 585 # Bedrooms: 1

Contract Info

Delayed Marketing?: No Sub-Type: Condominium Construction Type: Stick Built List Price/SqFt: 682.05 Stipulation of Sale: Standard Status: Active Marketing Start Date: 2025-09-27 Listing Price: 399000 Current Price: $399,000

Location Information

Unit #: 907 City Limits: Yes Marketing City: Wilmington Secondary Subdivision: N/A Street #: 106 Pre Direction: N Street Name: Water Street Suffix: Street County: New Hanover State/Province: NC Zip Code: 28401 Subdivision: Water Street Center Condo Geo Lat: 34.237101 Geo Lon: -77.949952

Remarks and Showing

Sign on Property: No Directions to Property: Starting at the intersection of Chestnut Street and Front Street, head west on Chestnut and turn left on Water St.

Property Exterior Info

New Construction: No Waterfront: No Waterview: Yes Location Type: Mainland Horses Y/N: No

Legal & Taxes

Tax Assessed Value: 382700 Total Real Estate Property Taxes: 2443.55 Deed Book: 6607 Deed Page: 392 Legal: UNIT 9G WATER STREET CENTER CONDOS Broker Owner: No PID: R04720-007-023-103 Tax Identifier: R04720-007-023-103 Plat Book: 12 Plat Page: 222 Special Assessments: None Tax Year: 2025 Zoning: CBD HOA: Yes Cobra Zone: No School District: New Hanover Elementary School: Snipes Middle School: Williston High School: New Hanover

Rental Information

Lease Term: Short Term Lease

Garage & Parking

Attached Garage Spaces: 0 Detached Garage Spaces: 0 Total # Garage Spaces: 0 Total Carport Spaces: 0 Other - See Remarks: Owner - 1st Come/1st

Parking Features

Lighted: 1 Off Street: 1 On Site: 1 Parking Lot: 1

HOA and Neigh Amenities

Cable TV: 1 Elevator(s): 1 Flood Insurance: 1 Maint - Comm Areas: 1 Maint - Grounds: 1 Maintenance Structure: 1 Management: 1 Master Insure: 1 Pest Control: 1 Roof Maintenance: 1 Sewer: 1 Sidewalk: 1 Termite Bond: 1 Trash: 1 Water: 1

HOA

Association Fee 1/Year: 4800 Association Name: Water Street Center Association Association Phone: 2526264800

Attic

None: 1

Basement

None: 1

Frontage Type

See Remarks: 1

Handicap Accessible

Elevator: 1

View Type

Marsh View: 1 River: 1 Water: 1

Construction

Concrete: 1 Wood Frame: 1

Unit Type

1 Bedroom: 1

Lot Water Features

None: 1

Current Service Providers

Electric Provider: Duke Progress Energy Internet Service Provider(s): Spectrum through HOA Sewer Provider: Cape Fear Public Utility Authority Trash Provider: HOA Contracts Water Provider: Cape Fear Public Utility Authority

Exterior Finish

Brick: 1 Brick Veneer: 1

Terms

Cash: 1 Conventional: 1

Fencing

None: 1

Foundation

Slab: 1

Flooring

LVT/LVP: 1

Patio and Porch Features

Balcony: 1 Covered: 1

Pool Features

None: 1

Roof

Flat: 1

Levels

One: 1

Road Type/Frontage

Public (City/Cty/St): 1

Trash Collection

Private Service: 1

Cooling

Heat Pump: 1

Heated SqFt

400 - 599: 1

Heating

Heat Pump: 1

Heating System Fuel Source

Electric: 1

Water Heater

Electric: 1

Utilities

Sewer Connected: 1 Water Connected: 1

Sewer

Municipal Sewer: 1

Water Source

Municipal Water: 1

Appliances/Equip

Built-In Microwave: 1 Dryer: 1 Electric Oven: 1 Refrigerator: 1 Washer: 1

Furnished

Furnished: 1

Interior Features

Blinds/Shades: 1 Ceiling Fan(s): 1 Elevator: 1 Furnished: 1 High Ceilings: 1 Kitchen Island: 1

Security Features

Fire Sprinkler System: 1 Smoke Detector(s): 1

Laundry Features

Laundry Closet: 1

Dining Room Type

Combination: 1

Pets Allowed

Pets Allowed: Yes

Rooms

Kitchen: 1 Kitchen Level: Main Living Room: 1 Living Room Level: Main Master Bedroom: 1 Master Bedroom Level: Main

Legal Taxes

Year Built: 2000

Property Features

Frontage Type: See Remarks Handicap Accessible: Elevator View Type: Marsh View; River; Water Attic: None Basement: None Construction: Concrete; Wood Frame Unit Type: 1 Bedroom Exterior Finish: Brick; Brick Veneer Fencing: None Foundation: Slab Parking Features: Lighted; Off Street; On Site; Parking Lot Patio and Porch Features: Balcony; Covered Pool Features: None Roof: Flat Levels: One Trash Collection: Private Service Lot Water Features: None Cooling: Heat Pump Heating: Heat Pump Heating System Fuel Source: Electric Water Heater: Electric Utilities: Sewer Connected; Water Connected Sewer: Municipal Sewer Water Source: Municipal Water Flooring: LVT/LVP Furnished: Furnished Interior Features: Blinds/Shades; Ceiling Fan(s); Elevator; Furnished; High Ceilings; Kitchen Island Security Features: Fire Sprinkler System; Smoke Detector(s) Laundry Features: Laundry Closet Heated SqFt: 400 - 599 Dining Room Type: Combination HOA and Neigh Amenities: Cable TV; Elevator(s); Flood Insurance; Maint - Comm Areas; Maint - Grounds; Maintenance Structure; Management; Master Insure; Pest Control; Sidewalk; Termite Bond; Trash; Water Rooms: Kitchen; Living Room; Master Bedroom Terms: Cash; Conventional

Room Information

Master Bedroom Length: 11.00 Width: 11.00 Level: Main Kitchen Length: 8.00 Width: 7.00 Level: Main Living Room Length: 15.00 Width: 11.00 Level: Main
Listing Office: Intracoastal Realty Corporation
IDX
Last Updated: December - 10 - 2025
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