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1002 S 4th Street

Wilmington, NC 28401
  • $450,000
  • STATUS: Pending with Showings
  • ON SITE: 31 Days
  • MLS #: 100451341
Under Contract
UPDATED: 138 min ago
$450,000
  • 4
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:
Area:

School Ratings & Info

Description

Prime Investment Opportunity in Historic Downtown Wilmington! Attention Investors! Don't miss this exceptional triplex located at 1002 S 4th St in the heart of Historic Downtown Wilmington. This property is fortified with a solid brick exterior and sits prominently on a corner lot, offering excellent curb appeal and long-term stability. The triplex includes two 1-bedroom, 1-bathroom units and one 2-bedroom unit, making it a versatile addition to your rental portfolio. Each unit is easy to rent, ensuring a stable and consistent income stream. With three power meters and a single water meter, utility management is straightforward and efficient.Situated in the desirable south side of Wilmington, this property is perfectly positioned for growth. The excellent location provides plenty of upside for upgrades and rent increases as turnovers occur, allowing you to maximize your return on investment. The area is known for its strong rental demand, ensuring you can keep units occupied with ease.This triplex is not only a stable investment but also an opportunity to add significant value through strategic improvements. Whether you choose to renovate and modernize the units or simply enjoy the steady cash flow, 1002 S 4th St offers immense potential.Seize this rare chance to invest in a prime property in a historic and thriving part of Wilmington.

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Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-07-21T09:59:18.77.
www.nccoastalproperty.com/homes/151826491
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1002 S 4th Street Wilmington, NC 28401

  • Price: $450,000
  • Status: Pending with Showings
  • On Site: 31 Days
  • Updated: 138 min ago
  • MLS #: 100451341
4
Beds
3
Baths
0
½ Baths
0.06
Acres
1940
Built
Neighborhood:
Downtown
County:
New Hanover
Area:
Wilmington
Property Description
Prime Investment Opportunity in Historic Downtown Wilmington! Attention Investors! Don't miss this exceptional triplex located at 1002 S 4th St in the heart of Historic Downtown Wilmington. This property is fortified with a solid brick exterior and sits prominently on a corner lot, offering excellent curb appeal and long-term stability. The triplex includes two 1-bedroom, 1-bathroom units and one 2-bedroom unit, making it a versatile addition to your rental portfolio. Each unit is easy to rent, ensuring a stable and consistent income stream. With three power meters and a single water meter, utility management is straightforward and efficient.Situated in the desirable south side of Wilmington, this property is perfectly positioned for growth. The excellent location provides plenty of upside for upgrades and rent increases as turnovers occur, allowing you to maximize your return on investment. The area is known for its strong rental demand, ensuring you can keep units occupied with ease.This triplex is not only a stable investment but also an opportunity to add significant value through strategic improvements. Whether you choose to renovate and modernize the units or simply enjoy the steady cash flow, 1002 S 4th St offers immense potential.Seize this rare chance to invest in a prime property in a historic and thriving part of Wilmington.
Exterior Features

Attached Garage Spaces 0.00 Construction Brick/StoneWood Frame Detached Garage Spac 0.00 Exterior Finish Brick Fencing Partial Foundation CombinationSlab Location Type Mainland Lot Description Corner Lot Lot Dimensions 40'x99' Lot Sq Ft 2657.00 Parking Driveway None Porch Balcony Deck PatioPorch Roof Slate Total Carport Spaces 0.00 Waterfront No Waterview No

Interior Features

1 Bedroom Cooling Central 1 Bedroom Heating Electric 1 Bedroom Units Avg Sqft 562 1 Bedroom Units Full Baths 1 1 Bedroom Units Half Baths 0 1 Bedroom Units Total Rooms 2 2 Bedroom Cooling Central 2 Bedroom Heating Electric 2 Bedroom Units Avg Sqft 833 2 Bedroom Units Full Baths 1 2 Bedroom Units Half Baths 1 2 Bedroom Units Total Rooms 4 Cooling System Wall/Window Unit(s) Efficiency Apartment Avg Sqft 386 Efficiency Apartment Full Baths 1 Efficiency Apartment Half Baths 0 Efficiency Apartment Rent 1200.00 Efficiency Apartment Total Rooms 2 Efficiency Heating Electric Fireplace None Heating System Other-See Remarks Interior Features 1st Floor Master9Ft+ Ceilings Stories Levels 1st FloorGroundOne

Property Features

1 Bedroom Rent Freq Monthly 1 Bedroom Units Occupied Yes 1 Bedroom Units Rent 800.00 2 Bedroom Rent Freq Monthly 2 Bedroom Units Occupied Yes 2 Bedroom Units Rent 1150.00 City Limits Yes Cobra Zone No Efficiency Apartment Occupied No Efficiency Rent Freq Monthly Financials Available Yes Fuel Tank None Heating System Fuel Source ElectricNatural Gas Hoa YN No Multifamily Sub Type Triplex New Construction No Possession At Closing Property Management Company Yes Property Taxes 1406.08 Secondary Subdivision N/A Sewer Connected Stipulation Of Sale None Tax Year 2023 Terms CashConventional Water Sewer Municipal SewerMunicipal WaterNatural Gas Connected Water Source Water Connected Zoning R-5



Mid Carolina MLS logo Listing information © 2024 NCRMLS
Listing courtesy of Christian Cardamone of Keller Williams Innovate-Wilmington: (910) 777-2200.


Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-07-21T09:59:18.77.
 
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