905 Rankin Street, Wilmington, NC 28401
$1,599,000
Property Type:
Multi-Family
Bedrooms:
6
Baths:
2
Square Footage:
1,974
Lot Size (sq. ft.):
2,178
Status:
Closed
Current Price:
$1,599,000
List Date:
7/05/2021
Last Modified:
4/21/2022
Description
-2 Single family - 2 duplexes - 25 total rooms - 33 tenants
Address are 718 Church, 720 Church, 905 Rankin A&B, 708 Campbell Street A&B
Brings in over 14k a month - NOI is about 11k PLUS (these numbers can easily go up with our management!) Owner is currently raising them and will be even higher before closing
Very rare opportunity with letters from the city permitting 'Rooming houses'' which holds tremendous value! There is a huge wait list for tenants wanting to get in along with companies such as trillium and sec 8. Could also be a half way house play, senior living etc which usually rents even higher per room.
Roofs are all under 4 years old. Hvacs are all under warranty and the properties have new floors and paint
Windows have been upgraded. With proof of funds can provide all financials.
More Information MLS# 100279692
Building/Ext Features
ud_i_08: 0
Contract Info
Sub-Type: Duplex
Auction: No
List Price/SqFt: 860.69
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2021-07-05
Listing Price: 1699000
Current Price: $1,599,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 905
Street Name: Rankin
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Downtown
Geo Lat: 34.241815
Geo Lon: -77.938142
Remarks and Showing
Sign on Property: No
Directions to Property: 3rd St heading West to Redcross St turn rt, Redcross turns into Rankin , unit on the corner of Rankin & Anderson
Building Info
New Construction: No
Property Exterior/Interior Info
Lot Acres: 0.05
Lot SqFt: 2178
Lot Dimensions: 0x0x0x0
Waterfront: No
Waterview: No
Location Type: Mainland
# Baths - Total: 2
# Total Units: 2
Stories: 2
Owner Occupied: No
Property Mgmt Company: No
Financials Available: No
Legal and Taxes
Tax Assessed Value: 88300
Deed Book: 1377
Deed Page: 828
Legal: BLK 240 PT W 5 WILMINGTON
Broker Owner: No
PID: R04813022009001
Tax Identifier: R04813-022-009-001
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 1057.61
Special Assessments: NONE
Tax Year: 2020
Zoning: R-3
HOA: No
Cobra Zone: No
Elementary School: Williams
Middle School: Virgo
High School: New Hanover
Year Built: 1920
Garage & Parking
Attached Garage Spaces: 0
Detached Garage Spaces: 0
Total # Garage Spaces: 0
Total Carport Spaces: 0
Parking Features
Paved: 1
HOA and Neigh Amenities
No Amenities: 1
Construction
See Remarks: 1
Exterior Features
None: 1
Exterior Finish
See Remarks: 1
Terms
Cash: 1
Conventional: 1
Fencing
None: 1
Foundation
Crawl Space: 1
Fuel Tank
None: 1
Patio and Porch Features
See Remarks: 1
Roof
Shingle: 1
Cooling
Other: 1
Heating
Other: 1
Interior Features
None: 1
Side/Unit 1
Total Rooms: 5
# of Bedrooms: 3
Full Baths: 1
Avg SqFt: 987
Furnished: No
Rent: 1350
Occupied: Yes
Side/Unit 1 Cooling
Central: 1
Side/Unit 1 Heating
See Remarks: 1
Side/Unit 1 Rent Frequency
Monthly: 1
Side/Unit 2
Total Rooms: 5
# of Bedrooms: 3
Full Baths: 1
Avg SqFt: 987
Furnished: No
Rent: 1350
Occupied: Yes
Side/Unit 2 Cooling
Central: 1
Side/Unit 2 Heating
See Remarks: 1
Side/Unit 2 Rent Frequency
Monthly: 1
Property ExteriorInterior Info
# Bedrooms: 6
SqFt - Heated (Primary): 1974
Status Change Info
Under Contract Date: 2021-07-27
Sold Price: $1,599,000
Sold Date: 2021-11-09
Property Features
Construction: See Remarks
Exterior Features: None
Exterior Finish: See Remarks
Fencing: None
Foundation: Crawl Space
Fuel Tank: None
Parking Features: Paved
Patio and Porch Features: See Remarks
Roof: Shingle
Cooling: Other
Heating: Other
Interior Features: None
HOA and Neigh Amenities: No Amenities
Terms: Cash; Conventional
Listing Office:
Keller Williams Innovate-Wilmington
IDX
Last Updated: April - 21 - 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.