Commercial: MLS #100437467 Wilmington, NC ^$ 1,695,000

Commercial: MLS #100437467

^$ 1,695,000

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Commercial: MLS #100437467

Wilmington, NC, 28401

^$ 1,695,000

Studio Baths0.0 Sq 5,990

Monthly Estimate*

^$ 11,265

Studio

Commercial Property for sale in Wilmington, NC

for $1,695,000. This 5,990 square foot building was built in 1956 on a lot size of 0.25.

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.

Commercial Active

Price

^$ 1,695,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,974

Style

Lot Size

0.25

Year Built

1956

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100437467

Features

General

current use Multi-Family Residential

Zoning R-5

New Construction No

Subdivision Downtown

County New Hanover

Stipulation of Sale None

Property Type G

Tax Year 2023

Status Active

Lot Sqft 10890.00

Days on Market 53

City Limits Yes

Year Built 1956

City Wilmington

Location Type Mainland

Exterior

Lot Dimensions 165x66

Parking Features Concrete Lighted Off Street On Site Paved Private

Lot Acres 0.25

Interior

List Price/SqFt 282.97

* Excluded Features

List By

The Domenico Grillo Real Estate Team

Listing Agent

Keller Williams Innovate-Wilmington

Broker

domenicogrillorealestate@gmail.com

Affordability Calculator

$11,597

Per Month

Monthly Principal & Interest: $11,265
Monthly Property Taxes: $331
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Wilmington, NC

Average List Price ^$814,045

Percent of Sale Price 52%

About Wilmington, NC

122,120 Population

35% Since 2002

^$47,464 Median Income

36.47 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3960720 Elementary School

3960847 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/16/2024	$1,695,000	-5.04%	Price Down
4/8/2024	$1,785,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Commercial: MLS #100437467

Commercial Property for sale in Wilmington, NC

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