BEDS1
BATHS1 full
SQUARE FEET585
MLS#100533151
STATUSActive
PROPERTY TYPEResidential - Condominium
SUBDIVISIONWater Street Center Condo
SCHOOLNew Hanover
Property Description
TOP-FLOOR, turnkey investment opportunity in one of downtown Wilmington's premier riverfront condo buildings. Unit 907 is a fully furnished 1BR/1BA with 585 sq. ft., large enclosed balcony, and unobstructed Cape Fear River views. The property boasts an outstanding rental history (over $35K gross rental income in 2024) with proven demand across short-, medium-, and long-term stays.Key upgrades include a remodeled kitchen and bath plus a new HVAC installed in May 2024. Unlike many comparable units, this condo features a full kitchen, making it attractive to extended-stay tenants such as traveling professionals. HOA permits short-term rentals, a rare distinction in the Historic District, broadening income potential.Property is offered fully furnished and stocked, allowing for immediate income generation. Located on the 9th floor, residents enjoy quiet separation from downtown street activity and some of the best sunset views in Wilmington. Strong guest reviews consistently highlight comfort, views, and location.Ideal for investors seeking a proven, flexible income stream, or for buyers wanting a second home with offsetting rental revenue. Contact listing agent for showing instructions, as unit is frequently occupied.
Property Features
Property Type: Residential - Condominium
Cooling: Heat Pump
Heating: Heat Pump, Electric
Roof Type: Flat
Stories: 1.0
Year Built: 2000
Amenities
High Ceilings
Kitchen Island
Elevator
Ceiling Fan(s)
Furnished
Blinds/Shades
Feature Descriptions
Accessibility: Accessible Elevator Installed
Appliances: Electric Oven, Built-In Microwave, Washer, Refrigerator, Dryer
Association Amenities: Roof Maintenance, Elevator(s), Flood Insurance, Maintenance Common Areas, Maintenance Grounds, Maintenance Structure, Management, Master Insure, Pest Control, Sewer, Sidewalks, Termite Bond, Trash, Water, Cable TV
Days on Site: 168
Exterior: Concrete, Brick, Brick Veneer
Flooring: LVT/LVP
Furnished: Yes
HOA Fee: $4800/ Annually
Laundry: Laundry Closet
Parcel#: R04720-007-023-103
Parking: Parking Lot, Lighted, Off Street, On Site
Parking Notes: Parking Lot, Lighted, Off Street, On Site
Patio/Porch: Covered, Balcony
Pets Allowed: Yes
Security: Fire Sprinkler System, Smoke Detector(s)
Sewer: Municipal Sewer, Cape Fear Public Utility Authority
Special View Info: Marsh, River, Water
Utilities: Sewer Connected, Water Connected
Water: Public
Room Sizes
Living Room: 15 X 11 Level - Main
Kitchen: 8 X 7 Level - Main
Primary Bedroom: 11 X 11 Level - Main
Local Schools
High School: New Hanover
Middle School: Williston
Elementary School: Snipes
School District: New Hanover
Listed By / Shown By
Listed By
Agency Name: Intracoastal Realty Corporation
Agency Phone: 910-769-8290
Shown By
Agency Title: CENTURY 21 Thomas
Agency Phone: 888-249-2100
Estimate Your Payment
Estimated Payment
$ 1,004.38 per month $888.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $116.38 Homeowner's Insurance
106 N Water Street, Unit 907 | MLS# 100533151
This condo located at 106 N Water Street, Unit 907, Wilmington, NC 28401 is currently listed for sale with an asking price of $399,000. This property was built in 2000 and has 1 bedrooms and 1 full baths with 585 sq. ft. N Water Street, Unit 907 is located in the Water Street Center Condo subdivision within the New Hanover school district. Search Water Street Center Condo real estate on www.century21thomas.com today.