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221 Montgomery Avenue, Wilmington, NC 28405

$125,000
Property Type: Residential Bedrooms: 2 Baths: 1 Square Footage: 836 Lot Size (sq. ft.): 4,792 Status: Pending with Showings
Current Price: $125,000 List Date: 6/19/2024 Last Modified: 6/26/2024

Description

221 Montgomery Avenue, a small yet delightful historic cottage conveniently located between Midtown and Downtown Wilmington, NC. This property is a dream come true for investors and DIY enthusiasts alike, offering a unique chance to build sweat equity and unleash your creativity. With a brand new roof installed in 2024, you can start your renovation journey from the top down.This approximately 836 sq ft home is currently set up as a 2-bedroom, 1-bathroom with a large living room and formal dining room, complemented by a galley kitchen. The property sits on a large lot and features off street parking upfront and a spacious backyard, providing ample outdoor space for various possibilities. Enjoy the convenience of being close to both Midtown and Downtown Wilmington, where you or your new tenants can get anywhere in town with ease.Perfect for a fix and flip project, this home offers substantial return opportunities for savvy investors. It's also ideal for a handyman or handywoman looking to create a personalized space to call home, as this cottage is a blank canvas awaiting your vision. New construction is going up right next door, adding to the appeal and potential value of this property.The home is in need of renovation, making it an ideal candidate for a total makeover. Whether you choose to rent it out, move in, or flip it, the possibilities are endless. Don't miss out on this rare opportunity to invest in a property with great potential in a prime location. Schedule a viewing today and let your imagination run wild!

More Information MLS# 100451329

Contract Info

Sub-Type: Single Family Residence Construction Type: Stick Built Status: Pending with Showings Delayed Marketing?: No Delayed Marketing Date (DM): 2024-06-19 Listing Price: 125000 Current Price: $125,000 List Price/SqFt: 149.52 Sub Agent Comm $/%: % Buyer Agent Comm: 3 Buyer Agent Comm $/%: % Variable Comm: No Stipulation of Sale: None

Location Information

Street #: 221 Street Name: Montgomery Street Suffix: Avenue County: New Hanover State/Province: NC Zip Code: 28405 City Limits: Yes Marketing City: Wilmington Subdivision: Ridgecrest Secondary Subdivision: N/A Geo Lat: 34.243254 Geo Lon: -77.904916

Remarks and Showing

Directions to Property: South on market, right on Montgomery across from Covil, house on left near the end. Sign on Property: Yes

Property Exterior Info

New Construction: No Lot Acres: 0.11 Lot SqFt: 4792 Lot Dimensions: 50'x96' Waterfront: No Location Type: Mainland

Property Interior Info

SqFt - Heated (Primary): 836 Total SqFt - Heated (Primary + Separate): 836 # Rooms: 5 # Baths - Full: 1 # Baths - Total: 1 # Bedrooms: 2 Master Bedroom Level: Primary Living Area Stories: 1

Legal & Taxes

Tax Assessed Value: 73300 Total Real Estate Property Taxes: 619.39 Deed Book: 6264 Deed Page: 1410 Legal: Lt 72 Montgomery Place Broker Owner: No PID: R04913-017-038-000 Tax Identifier: R04913-017-038-000 Special Assessments: N/A Tax Year: 2023 Year Built: 1925 Zoning: R-5 HOA: No Cobra Zone: No Elementary School: Freeman Middle School: Holly Shelter High School: New Hanover

Status Change Info

Under Contract Date: 2024-06-26

Property Features

Construction: Wood Frame Exterior Finish: See Remarks Fencing: None Foundation: Block Fuel Tank: None Parking Features: Off Street; On Site Patio and Porch Features: Deck; Porch Roof: Architectural Shingle Stories/Levels: One Road Type/Frontage: Public (City/Cty/St) Cooling: Central; Heat Pump; See Remarks Heating: Heat Pump; Other-See Remarks Heating System Fuel Source: Electric; See Remarks Water Heater: None; See Remarks Utilities: Municipal Sewer; Municipal Water Appliances/Equip: None Fireplace: None Flooring: Laminate; Wood Furnished: Unfurnished Interior Features: 1st Floor Master Heated SqFt: 800 - 999 Dining Room Type: Formal Terms: Cash; Commercial
Listing Office: Keller Williams Innovate-Wilmington
Last Updated: June - 26 - 2024
221 Montgomery Avenue, Wilmington, NC 28405- MLS# 100451329
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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