619 S 11th ST, Wilmington, NC 28401
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Mark Pearson

Mark Pearson

+1(252) 573-9198
$ 295,000
Est. payment | /mo

3 Beds

2 Baths

1,154 SqFt

Save
$ 295,000
Est. payment | /mo
Save

3 Beds

2 Baths

1,154 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,154 sqft

Price per Sqft $255

Subdivision Not In Subdivision

MLS Listing ID 100579945

Style Wood Frame,Stick Built

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1938

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 33x165

Property Sub-Type Single Family Residence

Source Hive MLS

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.

Location

State NC

County New Hanover

Community Not In Subdivision

Zoning R-5

Direction US-17 BUS S/Market St Follow S 16th St and Castle St to S 11th St.

Location Details Mainland

Rooms

Basement None

Primary Bedroom Level Primary Living Area

Interior

Interior Features Master Downstairs, Ceiling Fan(s)

Heating Heat Pump, Electric, Forced Air

Cooling Central Air, Heat Pump

Exterior

Parking Features Shared Driveway, On Street, Concrete, Off Street

Utilities Available Sewer Available, Water Available

View See Remarks

Roof Type Shingle

Porch Covered, Deck, Porch

Garage No

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 R05410-007-004-000

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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619 S 11th ST