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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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