1220 Queen St, Wilmington, NC 28401

$1,250,000
2
BD
1
BA
882
SqFt
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List Price
$1,250,000
Status
ACTIVE
MLS#
100570339
Days on Market
89
Year Built
1920
Levels
One
Bedrooms
2
Bathrooms
1
Full-baths
1
Living Area
882
Acres
0.08
Neighborhood
Dawson-Castle Street
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(910) 232-1427

Property Description

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.

(910) 232-1427
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Additional Information

Cooling
Central Air
Heating
Other, Electric, Forced Air
Foundation
Crawl Space
Roof
Shingle
Utilities
Water Available
Lot Water Features
Other
Water
Public
Elementary School
Forest Hills
Middle School
Williston
High School
Hoggard
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Listing courtesy of RE/MAX Essential.

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