622 Steele Loop, Wilmington, NC 28411

$432,500
Property Type: Residential Bedrooms: 5 Baths: 4 Square Footage: 3,132 Lot Size (sq. ft.): 6,839 Status: Closed
Current Price: $432,500 List Date: 6/19/2024 Last Modified: 8/25/2024

Description

Discover a lucrative opportunity at 622 Steele Loop, where investment meets comfort in this spacious 5-bedroom home ideally positioned just moments from Wrightsville Beach. Currently leased until July 2025, this property generates a robust $3,347.5 per month in rental income, making it a compelling choice for investors seeking immediate cash flow. This meticulously maintained home features an owner's suite on the first floor, offering convenience and privacy. The aggressive pricing reflects the commitment to honoring the current lease, with a projected cap rate of 7%. Located near Wrightsville Beach, this property not only ensures a steady rental income but also a great opportunity for long-term appreciation. Imagine the allure for tenants seeking proximity to sandy shores and coastal charm. Seize this rare opportunity to add a profitable rental property to your portfolio. Whether you're expanding your investments or entering the rental market, 622 Steele Loop represents a smart choice with its strategic location and reliable income stream. Schedule your showing today and explore the possibilities of owning this exceptional investment property. Don't delay - opportunities like this don't stay on the market for long!

More Information MLS# 100451381

Contract Info

Sub-Type: Single Family Residence Construction Type: Stick Built Status: Closed Delayed Marketing?: No Delayed Marketing Date (DM): 2024-06-19 Listing Price: 449900 Current Price: $432,500 List Price/SqFt: 143.65 Stipulation of Sale: None

Location Information

Street #: 622 Street Name: Steele Street Suffix: Loop County: New Hanover State/Province: NC Zip Code: 28411 City Limits: No Marketing City: Wilmington Subdivision: Reserve at West Bay Secondary Subdivision: N/A Geo Lat: 34.28454 Geo Lon: -77.824312

Remarks and Showing

Directions to Property: Follow North Market Street towards Ogden | Porters Neck, Left onto Torchwood Blvd, turn Right onto Chipley Drive, Right onto Steele Loop Sign on Property: No

Property Exterior Info

New Construction: No Lot Acres: 0.16 Lot SqFt: 6839 Lot Dimensions: 62' x 110' x 62' x 110 Waterfront: No Waterview: No Horses Y/N: No Location Type: Mainland

Property Interior Info

SqFt - Heated (Primary): 3132 Total SqFt - Heated (Primary + Separate): 3132 # Rooms: 10 # Baths - Full: 3 # Baths - Half: 1 # Baths - Total: 4 # Bedrooms: 5 Master Bedroom Level: Primary Living Area Stories: 2

Legal Taxes

Year Built: 2014

Status Change Info

Under Contract Date: 2024-07-26 Sold Price: $432,500 Sold Date: 2024-08-23

HOA

Association Fee 1/Year: 400 Association Name: Reserve at West Bay Association Phone: 256-2021 HOA 1 Mgmt. Company: CAMS

Property Features

Attic: Floored - Partial Basement: None Construction: Wood Frame Unit Type: 4+ Bedroom Exterior Features: Gas Logs Exterior Finish: Vinyl Siding Fencing: Wood Foundation: Slab Fuel Tank: Gas Fuel Tank Ownership: Leased Parking Features: Paved Patio and Porch Features: Porch Roof: Shingle Cooling: Attic Fans; Central Heating: Forced Air Heating System Fuel Source: Electric; Propane Gas Water Heater: Electric Utilities: Community Sewer; Community Water Fireplace: 1 Flooring: Carpet; Tile; Wood Interior Features: 1st Floor Master Laundry Features: Room Heated SqFt: 3000 - 3499 Dining Room Type: Formal HOA and Neigh Amenities: Maint - Comm Areas; Street Lights Terms: Cash; Conventional; FHA; VA Loan
Listing Office: Ivester Jackson Coastal LLC
Last Updated: August - 25 - 2024
622 Steele Loop, Wilmington, NC 28411- MLS# 100451381
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