808 S 9th St, Wilmington, NC 28401

$275,000
4
BD
1
BA
854
SqFt

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List Price
$275,000
Status
ACTIVE
Days on Market
49
MLS#
100579949
Subtype
Residential
Year Built
1925
Bedrooms
4
Bathrooms
1
Full Baths
1
Living Area
854
Lot Size
2,134
Acres
0.05
Subdivision
Dawson-Castle Street
Neighborhood
Dawson-Castle Street

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.

Additional Information

Amenities
None
Interior Features
Ceiling Fans
Zoning
R-3
Flooring
Laminate, Wood
Appliances
Electric Oven
Heating
Heat Pump, Electric, Forced Air
Air Conditioning
Central Air, Heat Pump
Levels
One
Roof
Shingle
Foundation
Crawl Space
Parking Features
On Street
School District
New Hanover
Elementary School
Forest Hills
Middle School
Williston
High School
Hoggard
View
Other

Listing courtesy of Listing Agent: Benjamin T Eisenberg () from Listing Office: RE/MAX Essential.

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