Listed by Peter Sweyer

Bought with Lauren W Mintz

315 S 3rd St, Wilmington, NC, 28401

$428,700

6
5
3800 sq. ft.
0.28 ac.

MultiFam

Sold: Apr 24, 2017

What's around 315 S 3rd St

About this property

Presented for sale is a 3800 square foot 4-unit apartment building located in the heart of downtown Wilmington on 3rd Street between Ann and Nun. The building has a historic plaque and features 3 ample size one-bedroom units ranging in size from 683-870 square feet as well as a large 1500 square foot three-bedroom unit. There is plenty of off street parking on this oversized .28 acre lot - unusually large for a downtown lot. The rental history has been very stable and the building is professionally managed. Downtown shopping and restaurants are just a few blocks away, easy walking distance. Current rent roll is $3460 with very few increases since the depths of the recession in 2009.

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