Wilmington, NC 28401
$1,550,000
Property Type:
Comm Sale or Lease
Square Footage:
5,990
Lot Size (sq. ft.):
10,890
Status:
Closed
Current Price:
$1,550,000
List Date:
4/08/2024
Last Modified:
11/11/2024
Description
7 unit fully occupied, government funded, direct deposit, apt complex in prime Downtown Wilmington! This cash cow brings in roughly over 150k per year, gross. Tenants pay the majority of all utilities. The asset has gone through some big renovations in past few months. Roof is 2016, all hvacs are brand new, 5 of 7 water heaters just replaced, new kitchen cabinets, appliances, bathrooms updated, showers refinished, interior and exterior doors replaced, new electrical outlets and light switches, new LVP flooring in 4 of 7 of the units, new windows in some of the units, exterior painted and updated and all the leases have about 8-10 months left. High security deposit that were collected and transfer to new owner. With proof of funds we will send over rent roll/P&L's. You're not going to want to miss this opportunity.
More Information MLS# 100437467
Building/Ext Features
Lot Acres: 0.25
Lot SqFt: 10890
Lot Dimensions: 165x66
SqFt - Total Available: 5996
Location Type: Mainland
Contract Info
Available Date: 2024-04-08
Delayed Marketing?: No
Garage: Masterlock
List Price/SqFt: 266.28
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2024-04-08
Listing Price: 1595000
Current Price: $1,550,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Downtown
Remarks and Showing
Sign on Property: No
Directions to Property: Market Street toward the river. Take a right on 10th Street. The property is on the corner of 10th and Grace St
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 470300
Deed Book: 5925
Deed Page: 1200
Legal: NWM 1 BLK 200
Broker Owner: No
PID: RO4818-003-001-000
Tax Identifier: R04818-003-001-000
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 3974.04
Special Assessments: None
Tax Year: 2023
Zoning: R-5
Cobra Zone: No
Year Built: 1956
Current Use
Multi-Family: 1
Residential: 1
Parking Features
Concrete: 1
Lighted: 1
Off Street: 1
On Site: 1
Paved: 1
Private: 1
Sale/Lease Includes
Buildings: 1
Land: 1
See Remarks: 1
Heating System Fuel Source
Electric: 1
BuildingExt Features
SqFt - Heated (Primary): 5990
Status Change Info
Under Contract Date: 2024-09-04
Sold Price: $1,550,000
Sold Date: 2024-11-08
Property Features
Parking Features: Concrete; Lighted; Off Street; On Site; Paved; Private
Current Use: Multi-Family; Residential
Heating System Fuel Source: Electric
Listing Office:
Keller Williams Innovate-Wilmington
IDX
Last Updated: November - 11 - 2024
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