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    123 S 10th Street

    Wilmington, NC 28401
    • $8,500,000
    • STATUS: Active
    • ON SITE: 38 days
    • MLS #: 100264333
    UPDATED: 54 min ago
    $8,500,000
    • 0
      BEDS
    • 6.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 51,303
      SQFT
    • $166
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Description

    Residential rental property portfolio located in Wilmington, North Carolina. The portfolio consists of 48 properties and a total of 52 rental units. The units consist of single family homes and duplexes. Property units range in size of one bedroom units to three bedroom units. Annual rental income estimated in excess of $680,000. Owner has established a solid tenant base and efficient property management model. Properties are located through out the City of Wilmington and are close to schools, shopping, transportation, medical service and much more. Portfolio has room to grow the rent base along with benefiting from a growing residential market demand.

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    © 2021 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 2021-05-10T17:59:05.24.
    www.nccoastalproperty.com/homes/115687066
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    123 S 10th Street Wilmington, NC 28401

    • Price: $8,500,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 100264333
    0
    Beds
    0
    Baths
    0
    ½ Baths
    6.13
    Acres
    51,303
    SQFT
    $166
    $/SQFT
    1920
    Built
    Neighborhood:
    Not In Subdivision
    County:
    New Hanover
    Area:
    Wilmington
    Property Description
    Residential rental property portfolio located in Wilmington, North Carolina. The portfolio consists of 48 properties and a total of 52 rental units. The units consist of single family homes and duplexes. Property units range in size of one bedroom units to three bedroom units. Annual rental income estimated in excess of $680,000. Owner has established a solid tenant base and efficient property management model. Properties are located through out the City of Wilmington and are close to schools, shopping, transportation, medical service and much more. Portfolio has room to grow the rent base along with benefiting from a growing residential market demand.
    Exterior Features

    Construction See Remarks Exterior Finish See Remarks Location See Remarks Location Type Mainland Lot Description See Others Lot Dimensions Varies Lot Water Features None Road Type Frontage See Remarks Roof See Remarks

    Interior Features

    Attic None Basement None Cooling System See Remarks Flooring See Remarks Heating System Other-See Remarks Sq Ft Total Available 51303.00 Water Heater See Remarks

    Property Features

    Airport Less Than 5 Miles Auction No City Limits Yes Cobra Zone No Commercial Features See Remarks Commercial Sub Type Other County Highway Less Than 5 Miles County Taxes 38817.00 Electric Provider Duke Progress Energy Federal Flood Ins Avlbl No Gross Income 683544.00 Hoa Amenities See Remarks Hoa YN No Insurance Expense 32474.00 Interstate Less Than 5 Miles Lease Types See Remarks New Construction No Port Less Than 5 Miles Possession At ClosingSubject To Tenant Rights Property Taxes 1085.00 Rail Less Than 5 Miles Real Estate Taxes 38717.00 Sale Lease Includes BuildingsSee Remarks Sale Or Lease Sale Secondary Subdivision N/A Sewer Provider Cape Fear Public Utility Authority State Highway Less Than 5 Miles Stipulation Of Sale None Tax Year 2020 Terms CashConventional Water Provider Cape Fear Public Utility Authority Water Sewer See Remarks Zoning R-3R-5Umx



    Listing information © 2021 NCRMLS
    Listing provided courtesy of Jeffrey G Hovis of Intracoastal Realty Corp.


    © 2021 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 2021-05-10T17:59:05.24.
     
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    The Legacy Team | Intracoastal Realty
    119 Causeway Drive
    Ocean Isle Beach NC, 28469