41,315 SqFt
41,315 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 41,315 sqft
Price per Sqft $260
Subdivision Not In Subdivision
MLS Listing ID 100546013
HOA Y/N No
Year Built 1919
Lot Size 46.290 Acres
Acres 46.29
Lot Dimensions multiple site
Property Sub-Type Multi Family
Source Hive MLS
Property Description
Current annual rental income is approximately $800,000, with documented upside potential to $1,056,000 annually through rent increases and continued stabilization. Seller has completed approximately $600,000 in recent capital improvements throughout the portfolio, providing reduced deferred maintenance and improved operational efficiency.
Ideal opportunity for investors seeking to enter the Wilmington rental market or expand an existing portfolio with scale, location, and value-add potential. Financials available upon request.
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning Mixed
Direction Multiple locations contact listing agents for directions
Rooms
Basement None
Interior
Heating Other
Cooling Other
Flooring See Remarks
Exterior
Parking Features See Remarks
Utilities Available See Remarks
Amenities Available See Remarks
Waterfront Description None
Roof Type See Remarks
Building
Lot Description See Remarks
New Construction No
Others
Tax ID R04915-003-005-000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Nearby Locations
- 6
John J Blair Elementary School
Public | KG - 5
- 5
Winter Park Model Elementary School
Public | KG - 5
- 5
College Park Elementary School
Public | KG - 5
- 5
Bradley Creek Elementary School
Public | KG - 5
- 3
Edwin a Alderman Elementary School
Public | KG - 5
- 2
R Freeman School of Engineering
Public | PK - 5
- 1
A H Snipes Academy of Arts/Des
Public | PK - 5
- 1
Forest Hills Global Elementary School
Public | PK - 5
- 0
Lake Forest Academy
Public | KG - 8
- 0
Calvary Christian School
Private | PK - 8
- 0
Peace Rose Montessori School
Private | PK - 2
- 0
Wilmington Seventy-Day Adventist School
Private | KG - 7
- 0
Pine Valley United Methodist Church Wee Care Preschool & Kindergarten
Private | PK - KG
- 0
Hill School of Wilmington
Private | 1 - 8
- 0
Wesley Memorial Child Education Center
Private | KG - TKG
- 0
The Children's Schoolhouse of Wilmington
Private | PK - TKG
- 0
Point Institute
Private | 5 - 12
- 0
Wilmington Christian Academy
Private | 1 - 12
- 0
St Mark Catholic School
Private | PK - 8
- 0
Friends School of Wilmington
Private | PK - 8
- 5
Roland-Grise Middle School
Public | 6 - 8
- 0
Pathways Middle and High School
Private | 6 - 12
- 0
Lakeside
Public | 6 - 12
- 8
John T Hoggard High School
Public | 9 - 12
- 8
Isaac M Bear High School
Public | 9 - 12
- 0
Mary Sidberry Mosley Plc
Public | 9 - 12