4946 Wrightsville Avenue, Wilmington, NC 28403
$2,900,000
Property Type:
Comm Sale or Lease
Square Footage:
1,927
Lot Size (sq. ft.):
9,496
Status:
Closed
Current Price:
$2,900,000
List Date:
9/08/2023
Last Modified:
11/13/2023
Description
An Invest portfolio that doesn't come around often! This package includes 6 Single family homes all on separate parcels next to each other making the perfect college rental compound being seconds from the university. Fully occupied with Brand new
annual leases that started in Aug. These properties have very little turnover and college students join a waiting list to apply. Each property rents for $3,400 a month bringing in 245k a year and all utilities are in each tenants name. PRIME PRIME location! 5 mins to Wrightsville Beach. 2 Mins to the university of Wilmington. 10 Mins to the airport. 15 Mins to downtown Wilmington. Hospital is down the street and tons of shopping and dining near by. These rents plan to increase next year. Roofs are fairly new. Majority of the HVACS under 7 years old some are brand new! Each house has 4 bedrooms 3 bathrooms and open kitchen/living room floor plan. Plenty of parking and a nice large common area in the middle for hanging out! All tenants are set up on a online portal to bee able to pay on auto draft, hold a CRM, place work orders and hold all files for each address. We are able to switch this over to new owner making it very easy to manage. Reach out for more details!
More Information MLS# 100403989
Contract Info
Delayed Marketing?: No
Garage: Masterlock
Auction: No
List Price/SqFt: 1556.82
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2023-09-08
Listing Price: 3000000
Current Price: $2,900,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 4946
Street Name: Wrightsville
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28403
Subdivision: Not In Subdivision
Geo Lat: 34.21277
Geo Lon: -77.875566
Remarks and Showing
Sign on Property: No
Directions to Property: College Rd South to Wrightsville Ave. Left on Wrightsville. Homes will be on the right.
Building Info
New Construction: No
Building/Ext Features
Lot Acres: 0.22
Lot SqFt: 9496
Lot Dimensions: irregular
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 246600
Deed Book: 2252
Deed Page: 210
Legal: LT 1 BLK A WINTER PARK HEIGHTS
Broker Owner: Yes
PID: R05520011016000
Tax Identifier: R05520-011-014-000
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 2083.77
Special Assessments: None
Tax Year: 2023
Zoning: R-15
Cobra Zone: No
Year Built: 1998
Current Use
Residential: 1
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Parking Features
Concrete: 1
On Site: 1
Paved: 1
Private: 1
Sale/Lease Includes
Buildings: 1
See Remarks: 1
Roof
Shingle: 1
Cooling
Central Air: 1
Heating System Fuel Source
Electric: 1
Water Heater
Electric: 1
Lease Types
See Remarks: 1
BuildingExt Features
SqFt - Heated (Primary): 1927
Status Change Info
Under Contract Date: 2023-09-13
Sold Price: $2,900,000
Sold Date: 2023-11-10
Property Features
Parking Features: Concrete; On Site; Paved; Private
Roof: Shingle
Current Use: Residential
Cooling: Central Air
Heating System Fuel Source: Electric
Water Heater: Electric
Terms: 1031 Exchange; Cash; Conventional
Lease Types: See Remarks
Listing Office:
Keller Williams Innovate-Wilmington
IDX
Last Updated: November - 13 - 2023
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