Great 2-unit building with very strong Annual Income of $68,000 w./ greater potential income...In an amazing location...Great opportunity for strong passive income... Many opportunities such as: rent unit# 1 & use unit# 2 as your posh downtown crash pad. Or rent both units... Built to be a very LOW maintenance property; with lots of off-street parking in an amazing location! Walking distance to everything! Walk to all amenities downtown including: Live Oak Amphitheater, Social District on N 4th St, Riverwalk, CFCC, all the thriving restaurants, breweries & other exciting amenities downtown. The amazing location is very beneficial w/ Airbnb rentals...Unit 1 is already a nice Airbnb & Unit 2 has easy/ great tenants! This isa TURNKEY PROPERTY!! Furnishings can come with sale. Great property, especially when compared to other multi-family & condos that are selling downtown. Get 2 units that are low maintenance in outstanding location & has lots off street parking, at a much better price !! ( as compared to others that are selling ) A big plus is: FHA allows rent from Unit2 to be used as INCOME to help w/ mortgage approval. Income potential is based on past income. Designed & built as a modern 2-unit building, the units offer all the modern features like open floor plans & master suites w/ bathrooms. Unlike many of homes downtown that are a 100 years old, & have many ''old house'' issues....This one was built to modern building codes & standards. This is NOT like other homes downtown that were single-family homes that were ''cut up'' & ''converted'' into 2 awkward units....Can build detached garage. Other highlights: big CHARLESTON-STYLE PORCH, hardwoods, no carpet, open floor plan, amazing upper porch looks down beautifully tree-lined 5th Ave &huge backyard!.. Rare opportunity to own 2-unit building in awesome location Existing rent can help w/ financing. Turnkey with strong rents & ready to go. Very easy to show!! ...Come see it today...Call for more info.
Property Type(s):
Multi Family
|
Last Updated
|
4/4/2025
|
Tract
|
Not In Subdivision
|
|
Year Built
|
2002
|
County
|
New Hanover
|
SCHOOLS
| Elementary School |
Snipes |
| Jr. High School |
Williston |
| High School |
New Hanover |
Additional Details
| AIR |
Ceiling Fan(s), Central Air |
| AIR CONDITIONING |
Yes |
| CONSTRUCTION |
Vinyl Siding |
| EXTERIOR |
Lighting |
| HEAT |
Electric, Forced Air, Heat Pump |
| INTERIOR |
Ceiling Fan(s), Master Downstairs, Pantry |
| LOT |
5227 sq ft |
| LOT DIMENSIONS |
Irr |
| PARKING |
See Remarks, Off Street |
| STORIES |
One, Two |
| SUBDIVISION |
Not In Subdivision |
Location
Listed with Homes For Sale in Wilmington
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