1104 S 7th ST, Wilmington, NC 28401
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$ 275,000
Est. payment | /mo

2 Beds

2 Baths

1,224 SqFt


Save
$ 275,000
Est. payment | /mo
Save

2 Beds

2 Baths

1,224 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,224 sqft

Price per Sqft $224

Subdivision Not In Subdivision

MLS Listing ID 100579940

Style Wood Frame,Stick Built

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1925

Lot Size 3,790 Sqft

Acres 0.09

Lot Dimensions 37 x 103

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 Take US-17 BUS S/Market St Continue on N 17th St. Take Rankin St and McRae St to N 7th St

Location Details Mainland

Rooms

Primary Bedroom Level Primary Living Area

Interior

Interior Features None, Ceiling Fan(s)

Heating Heat Pump, Electric, Forced Air

Cooling Central Air, Heat Pump

Exterior

Parking Features Off Street, Unpaved

Utilities Available Sewer Connected, Water Connected

Amenities Available None

View See Remarks

Roof Type Shingle

Porch Covered, 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 R05413-022-020-000

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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1104 S 7th ST