1104 S 7th St, Wilmington, NC 28401

$275,000
2
BD
2
BA
1,224
SqFt
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List Price
$275,000
Status
ACTIVE
MLS#
100579940
Days on Market
49
Year Built
1925
Levels
One
Bedrooms
2
Bathrooms
2
Full-baths
2
Living Area
1,224
Acres
0.09
Neighborhood
Not In Subdivision
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(910) 679-6525

Property Description

Part of 5-property income portfolio in downtown Wilmington -- offered as a single transaction. or as a stand alone. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is.

(910) 679-6525
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Additional Information

Available Amenities
None
Interior Features
Ceiling Fans
Cooling
Central Air, Heat Pump
Heating
Heat Pump, Electric, Forced Air
Foundation
Crawl Space
Roof
Shingle
Utilities
Sewer Connected, Water Available
Lot Water Features
Other
Water
Public
Elementary School
Forest Hills
Middle School
Williston
High School
Hoggard
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Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of RE/MAX Essential.

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