BEDS2
BATHS1 full
SQUARE FEET882
MLS#100570339
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONDawson-Castle Street
SCHOOLNew Hanover
Property Description
Five-property income portfolio in downtown Wilmington -- offered as a single transaction. 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.
Property Features
Property Type: Residential - Single Family
Cooling: Central Air
Heating: Other, Electric, Forced Air
Lot Size: 0.08 Acres
Roof Type: Shingle
Stories: 1.0
Year Built: 1920
Amenities
See Remarks61
Feature Descriptions
Exterior: Wood Frame
Fencimg: Partial
Flooring: Laminate, Wood
Lot Dimensions: 33 x 100
Parcel#: R05410-015-027-000
Parking: On Street
Parking Notes: On Street
Patio/Porch: Front Porch
Sewer: Municipal Sewer
Special View Info: See Remarks
Utilities: Water Connected
Water: Public
Room Sizes
Primary Bedroom: 11.5 X 12.9 Level - First
Kitchen: 6.7 X 16.5 Level - First
Living Room: 11.9 X 16.3
Bedroom 2: 10.5 X 12.9 Level - First
Local Schools
High School: Hoggard
Middle School: Williston
Elementary School: Forest Hills
School District: New Hanover
Listed By / Shown By
Listed By
Agency Name: RE/MAX Essential
Agency Phone: 910-777-2700
Shown By
Agency Title: CENTURY 21 Thomas
Agency Phone: 888-249-2100
Estimate Your Payment
Estimated Payment
$ 3,146.54 per month $2,781.96 Principal & Interest $0.00 Property Tax (data not provided by mls) $364.58 Homeowner's Insurance
1220 Queen Street | MLS# 100570339
This single family home located at 1220 Queen Street, Wilmington, NC 28401 is currently listed for sale with an asking price of $1,250,000. This property was built in 1920 and has 2 bedrooms and 1 full baths with 882 sq. ft. Queen Street is located in the Dawson-Castle Street subdivision within the New Hanover school district. Search Dawson-Castle Street real estate on www.century21thomas.com today.