1104 S 7th St

Wilmington NC 28401

1224 sq. ft.

3790 sq. ft.

Single-Family

Currently for sale - view listing

Overview

Part of 5-property income portfolio in downtown Wilmington -- offered as a single transaction. or as a stand alone. 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.

Features

2 bedrooms

2 bathrooms

1224 sq. ft. floor area

3790 sq. ft. lot size

Single-Family

Property history for 1104 S 7th St

2017

Sold

$26,000

26 Jun 2017 by Pamela W Wooddell, of Live Oak Real Estate

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