533 Manly Avenue, Wilmington, NC 28405
$2,000,000
Property Type:
Comm Sale or Lease
Square Footage:
960
Lot Size (sq. ft.):
6,273
Status:
Closed
Current Price:
$2,000,000
List Date:
5/19/2022
Last Modified:
8/10/2022
Description
his is a 12 property single family portfolio throughout downtown Wilmington. Currently the total rents for 12 properties brings in a total of $200,400 a year and these rents can be increased. Great business plan to rent as is for a couple of years with a great return and then slowly make updates to the properties as they get more desirable and as more homes around them continue to be flipped increasing the value. At that time you can decide to sell or raise rents or flip the properties one by one depending on your investment goal. Most of the properties are on guarantee rent programs and is a direct deposit each month for easy management. Rent roll and additional information is in the document section. We can also provide any other information needed. The address consist of 1205 Queen, 1309 Glenn, 1315 Castle, 611 N 12th, 1102 Emory, 1111 N 30th, 2803 Spaulding, 514 Maides, 526 Manly, 533 Manly, 545 Manly.
More Information MLS# 100328843
Building/Ext Features
Lot Acres: 0.14
Lot SqFt: 6273
Lot Dimensions: xxxx
SqFt - Total Available: 960
Location Type: Mainland
Contract Info
Delayed Marketing?: No
Sub-Type: Multi Family
Auction: No
List Price/SqFt: 2150
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2022-05-19
Listing Price: 2064000
Current Price: $2,000,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 533
Street Name: Manly
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28405
Subdivision: Ridgecrest
Geo Lat: 34.247347
Geo Lon: -77.901127
Remarks and Showing
Sign on Property: No
Directions to Property: From Market St W to Right on Princess Place to Right on Manly - property on left just before Maides Park
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 112400
Deed Book: 0
Deed Page: 0
Legal: LOT 10 RIDGECREST
Broker Owner: No
PID: R04909003029000
Tax Identifier: R04909-003-029-000
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 961.92
Special Assessments: NONE
Tax Year: 2021
Zoning: R-5
HOA: No
Cobra Zone: No
Year Built: 1997
Sale/Lease Includes
See Remarks: 1
Heating System Fuel Source
See Remarks: 1
BuildingExt Features
SqFt - Heated (Primary): 960
Status Change Info
Under Contract Date: 2022-06-27
Sold Price: $2,000,000
Sold Date: 2022-08-09
Property Features
Heating System Fuel Source: See Remarks
Listing Office:
Keller Williams Innovate-Wilmington
IDX
Last Updated: August - 10 - 2022
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.