808 N 5th Avenue , Wilmington, NC 28401
Wilmington, NC 28401
Description
Great 2-unit building with very strong Annual Income of $68,000 w./ greater potential income...In an amazing location...Great opportunity for strong passive income... Many opportunities such as: rent unit# 1 & use unit# 2 as your posh downtown crash pad. Or rent both units... Built to be a very LOW maintenance property; with lots of off-street parking in an amazing location! Walking distance to everything! Walk to all amenities downtown including: Live Oak Amphitheater, Social District on N 4th St, Riverwalk, CFCC, all the thriving restaurants, breweries & other exciting amenities downtown. The amazing location is very beneficial w/ Airbnb rentals...Unit 1 is already a nice Airbnb & Unit 2 has easy/ great tenants! This isa TURNKEY PROPERTY!! Furnishings can come with sale. Great property, especially when compared to other multi-family & condos that are selling downtown. Get 2 units that are low maintenance in outstanding location & has lots off street parking, at a much better price !! ( as compared to others that are selling ) A big plus is: FHA allows rent from Unit2 to be used as INCOME to help w/ mortgage approval. Income potential is based on past income. Designed & built as a modern 2-unit building, the units offer all the modern features like open floor plans & master suites w/ bathrooms. Unlike many of homes downtown that are a 100 years old, & have many ''old house'' issues....This one was built to modern building codes & standards. This is NOT like other homes downtown that were single-family homes that were ''cut up'' & ''converted'' into 2 awkward units....Can build detached garage. Other highlights: big CHARLESTON-STYLE PORCH, hardwoods, no carpet, open floor plan, amazing upper porch looks down beautifully tree-lined 5th Ave &huge backyard!.. Rare opportunity to own 2-unit building in awesome location Existing rent can help w/ financing. Turnkey with strong rents & ready to go. Very easy to show!! ...Come see it today...Call for more info.
Details
| MLS# | 100498704 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2002 |
| Days On Site | 16 |
| Listing Provided By | Homes For Sale in Wilmington | Mike Lardieri |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| N/A | 2,400 |
| Story(s) | 2 |
| Units | 2 |
| Zoning | r-3 |
| Acreage | 0.12 |
Market Activity 28401
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Learn More About This Property
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Area | New Hanover |
| Community Name | Not In Subdivision |
| School District | New Hanover |
| Elementary School | Snipes |
| Middle School | Williston |
| High School | New Hanover |
| Listing VS Median (In Not In Subdivision) | |
Price: $829,000 low | high Med: $290,000 SqFt: 2,400 low | high Med: 1,296 $ / SqFt: $345 low | high Med: $224 On site: 16 low | high Med: 44 | |