$8,500,000

123 10th Street

Wilmington NC, 28401

Description

Residential rental property portfolio located in Wilmington, North Carolina. The portfolio consists of 48 properties and a total of 52 rental units. The units consist of single family homes and duplexes. Property units range in size of one bedroom units to three bedroom units. Annual rental income estimated in excess of $680,000. Owner has established a solid tenant base and efficient property management model. Properties are located through out the City of Wilmington and are close to schools, shopping, transportation, medical service and much more. Portfolio has room to grow the rent base along with benefiting from a growing residential market demand.

Details

MLS#100264333
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1920
Days On Site46

Features

N/A51,303
Story(s)1
ZoningR-3, R-5, UMX
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Area Information
StateNC
CountyNew Hanover
CityWilmington
Zip Code28401
AreaNew Hanover
Listing VS Median (in 28401)
Price:
$8,500,000
low | high
Med:
$267,400
100% of Average
SqFt:
51,303
low | high
Med:
1,091
100% of Average
$ / SqFt:
$166
low | high
Med:
$314
39.321639636421% of Average
On Site:
46
low | high
Med:
79.5
57.861635220126% of Average
Sourced by Back At You
Listing Updated: May 16, 2021 8:44:51 PM PDT
Jeffrey G Hovis LogoMLS Number: 100264333
Listing Provided By:
Jeffrey G Hovis  of  Intracoastal Realty Corp
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