Location
Agent Comments
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
Amenities
- Electric Oven
- Refrigerator
Interior Features
- Cool System: Central Air, Heat Pump
- Heat System: Heat Pump, Electric, Forced Air
- Floors: 0
- Rooms: Living Room, Master Bedroom, Dining Room, Dining Area
- Interior: Master Downstairs, Ceiling Fan(s)
Exterior Features
- Parking: On Street, Other
- Siding: Vinyl Siding
- Roof: Shingle
Additional Features
- County: New Hanover
- Property Type: Single Family Residence
- Tax Number: R05410-008-017-000
- Year Built: 1938
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