611 S 12th Street, Wilmington, NC 28401
$1,439,000
Property Type:
Comm Sale or Lease
Square Footage:
11,614
Lot Size (sq. ft.):
75,196
Status:
Closed
Current Price:
$1,439,000
List Date:
8/18/2021
Last Modified:
4/21/2022
Description
Twelve (12) unit residential property portfolio located in Wilmington, NC. Currently 100% occupied with an expected annual rental income of $136,476. The portfolio is made up of a mix of three (3) and two (2) bedroom single family homes. Properties have solid rental history.
More Information MLS# 100286667
Building/Ext Features
Lot Acres: 1.73
Lot SqFt: 75196
Lot Dimensions: Various sites
SqFt - Total Available: 11614
Location Type: Mainland
Contract Info
Delayed Marketing?: No
Sub-Type: Multi Family
Space: Yes
Sale/Lease: Sale
Auction: No
List Price/SqFt: 123.9
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2021-08-18
Listing Price: 1439000
Current Price: $1,439,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 611
Pre Direction: S
Street Name: 12th
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Not In Subdivision
Geo Lat: 34.228318
Geo Lon: -77.932776
Remarks and Showing
Sign on Property: No
Directions to Property: Multiple site, directions upon request and desired property location.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 669300
Total City Real Estate Property Tax: 7050
Deed Book: 6338
Deed Page: 128
Legal: See exhibit A for legal description-multi site
Broker Owner: No
PID: R05410-008-006-000
Tax Identifier: R05410-008-006-000
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 7050
Special Assessments: none
Tax Year: 2020
Zoning: R-5 and R-3
HOA: No
Cobra Zone: No
Year Built: 1959
Business Type
Other: 1
HOA and Neigh Amenities
No Amenities: 1
Attic
Access Only: 1
Basement
None: 1
C & I Features
See Remarks: 1
Construction
See Remarks: 1
Lot Water Features
None: 1
Current Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Exterior Finish
See Remarks: 1
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Foundation
Crawl Space: 1
Flooring
See Remarks: 1
Fuel Tank
None: 1
Green Bldg Features
None: 1
Parking Features
Off Street: 1
Paved: 1
Shared Driveway: 1
Unpaved: 1
Sale/Lease Includes
Buildings: 1
Land: 1
See Remarks: 1
Roof
See Remarks: 1
Lot Description
Other: 1
Road Type/Frontage
2 - 3 Lanes: 1
Paved: 1
Public (City/Cty/St): 1
Road/Trans Access
Airport: Less than 5 Miles
County Highway: 6 - 10 Miles
Interstate: Less than 5 Miles
Port: 6 - 10 Miles
Rail: 11 - 15 Miles
State Highway: Less than 5 Miles
Cooling
Other: 1
Location
Residential: 1
Heating
Other: 1
Water Heater
See Remarks: 1
Utilities
Water Available: 1
Water Source
Municipal Water: 1
Sewer
Municipal Sewer: 1
Financial Info
Financial Info: Yes
Gross Income: 136476
Lease Types
See Remarks: 1
BuildingExt Features
SqFt - Heated (Primary): 11614
Status Change Info
Under Contract Date: 2021-09-03
Sold Price: $1,439,000
Sold Date: 2021-12-01
Property Features
Business Type: Other
HOA and Neigh Amenities: No Amenities
Attic: Access Only
Basement: None
Construction: See Remarks
Exterior Finish: See Remarks
Flooring: See Remarks
Foundation: Crawl Space
Fuel Tank: None
Green Bldg Features: None
Parking Features: Off Street; Paved; Shared Driveway; Unpaved
Roof: See Remarks
Lot Description: Other
Location: Residential
Lot Water Features: None
Cooling: Other
Heating: Other
Water Heater: See Remarks
Utilities: Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: 1031 Exchange; Cash; Conventional
Lease Types: See Remarks
Listing Office:
Intracoastal Realty Corp
IDX
Last Updated: April - 21 - 2022
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