1220 Queen ST, Wilmington, NC 28401
1220 Queen ST, Wilmington, NC 28401
1220 Queen ST, Wilmington, NC 28401
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$ 1,250,000
Est. payment | /mo

2 Beds

1 Bath

882 SqFt


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$ 1,250,000
Est. payment | /mo
Save

2 Beds

1 Bath

882 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 882 sqft

Price per Sqft $1,417

Subdivision Dawson-Castle Street

MLS Listing ID 100570339

Style Wood Frame,Stick Built

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1920

Lot Size 3,311 Sqft

Acres 0.08

Lot Dimensions 33 x 100

Property Sub-Type Single Family Residence

Source Hive MLS

Property Description

Five-property income portfolio in downtown Wilmington -- offered as a single transaction. 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.

Location

State NC

County New Hanover

Community Dawson-Castle Street

Zoning R-5

Direction Head towards Downtown Wilmington, take Oleander Drive to Wooster Street. Take a right on S 13th St. Take a left on Queen

Location Details Mainland

Rooms

Primary Bedroom Level Primary Living Area

Interior

Interior Features See Remarks61

Heating Other, Electric, Forced Air

Cooling Central Air

Flooring Laminate, Wood

Exterior

Parking Features On Street

Utilities Available Water Connected

View See Remarks

Roof Type Shingle

Porch Front Porch

Building

Entry Level One

Foundation Crawl Space

Water Public

Level or Stories 1

New Construction No

Schools

Elementary Schools Forest Hills

Middle Schools Williston

High Schools Hoggard

Others

Tax ID R05410-015-027-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors
Listed by RE/MAX Essential

NEARBY SCHOOLS & PROPERTIES

Mark Pearson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(252) 573-9198

mark@obxlivingteam.com

5960 Fairview Rd Ste. 400, Charlotte, NC, 28210, United States

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1220 Queen ST