With a portal you are able to:
- Save your searches
- Get updates on listings
- Track listings
- Add notes and messages
- Personalize your dashboard
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
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.