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Wilmington, NC 28401

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For Rent

$1,785,000

5,990 sqft

  • Other Residential
    Property type

  • $298.00
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 100437467

Courtesy Of Red Realty Investors, LLC

(910) 777-2200

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Heating Fuel
    Electric
  • Lot Size
    0.25 Acres
  • Roof Type
    Unknown

Area Map

Home seller CENTURY 21 Vanguard

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Vanguard

(910) 769-1465
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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