Address
123 S 10th Street Wilmington, NC
Price
$ 8,500,000
Property Attributes
  • MLS#100264333
  • TypeCommercial
  • CountyNEW HANOVER
  • CityWilmington
  • AreaNot In Subdivision
  • NeighborhoodWilmington
  • Zip28401
  • Style
  • Year Built1920
  • Taxes$ 1085
  • Price$ 8,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6.13 Acres
Listing Provided Courtesy Of:
Intracoastal Realty Corp
Data Source:
Cape Fear REALTORS
Property Description

Residential rental property portfolio located in Wilmington, North Carolina. The portfolio consists of 48 properties and a total of 52 rental units. The units consist of single family homes and duplexes. Property units range in size of one bedroom units to three bedroom units. Annual rental income estimated in excess of $680,000. Owner has established a solid tenant base and efficient property management model. Properties are located through out the City of Wilmington and are close to schools, shopping, transportation, medical service and much more. Portfolio has room to grow the rent base along with benefiting from a growing residential market demand.

Price History
4/1/2021 Listed $8,500,000

General Features

Airport Less than 5 Miles
Basement None
City Limits Yes
Construction See Remarks
County New Hanover
Days on Market 47
Flooring See Remarks
HOA No
HOA Amenities See Remarks
Location See Remarks
New Construction No
Property Type G
Roof See Remarks
Status Active
Stipulation of Sale None
Sub-Type Other
Subdivision Not In Subdivision
Tax Year 2020
Terms Cash, Conventional
Utilities See Remarks
Water Heater See Remarks
Year Built 1920
Zoning R-3, R-5, UMX

Interior Features

Attic None
Cooling System See Remarks
Heating Other-See Remarks

Exterior Features

Exterior Finish See Remarks
Lot Acres 6.13
Lot Description See Others
Lot Dimensions varies
Lot Water Feature None

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 28401

Price
AVG $1.3M
$8.5M
Taxes
AVG $6,683
$1,085
Visits
AVG 24
11
Year Built
AVG 1928
1920
Walkscore
AVG 69
78
Data Provided by Walkscore ® not using MLS data

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