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1220 Queen Street

Wilmington NC 28401

2
1
882 sq. ft.
3311 sq. ft.
Single-Family
Currently for sale - view listing

Overview

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.

Features

2 bedrooms
1 bathroom
882 sq. ft. floor area
3311 sq. ft. lot size
Single-Family

Happy sellers in Wilmington

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We have insufficient information to provide an overview of customer satisfaction for Wilmington. Viewing the agent profiles, reviews and sales for Wilmington can provide insights for this location.

Local market activity for 2 bedroom single-family properties in Wilmington

In the last 12 months, 61 two-bedroom single-family properties similar to 1220 Queen Street, have been sold.

This represents a 18% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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