Address Not Published

    Wilmington, NC 28401
    • $359,000
    • STATUS: Active
    • ON SITE: 50 days
    • MLS #: 100203298
    UPDATED: 65 min ago
    $359,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1918
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Unique business and investment property opportunity that is located in the heart of Wilmington's Downtown Historic District. By right, this property can be a residential duplex that can generate rental income. The downtown rental market is competitive and the demand is extreme. As a residential duplex, the downstairs and upstairs units each have three bedrooms and one bathroom. Each unit has a large living area and exterior covered porches. There is also a 3rd floor open attic area that can be storage or possible additional living space. This property also has the potential of operating as a mixed use building. A Special Use Permit exists that provides an outline of utilizing the downstairs unit as an office and the upstairs unit as a residence. The new owner would need to work through planning and zoning to approve the use. The existing special use permit information is provided as an attachment. The location of this sit is within walking distance to downtown. The property is bordered by residential and commercial uses. The residential use provides someone to own one unit and rent the other. Upon approval the right owner/operator or investor has great mixed use income earning potential. Must contact City of Wilmington Planning to utilize the special use permit.

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    © 2020 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2020-03-29T10:56:53.77.
    www.explorewilmingtonhomes.com/homes/103008480

    Address Not Published Wilmington, NC 28401

    • Price: $359,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 100203298
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1918
    Built
    Neighborhood:
    Historic District
    County:
    New Hanover
    Area:
    Wilmington
    Elementary School:
    Snipes
    Middle School:
    Williston
    High School:
    New Hanover
    School District:
    New Hanover
    Property Description
    Unique business and investment property opportunity that is located in the heart of Wilmington's Downtown Historic District. By right, this property can be a residential duplex that can generate rental income. The downtown rental market is competitive and the demand is extreme. As a residential duplex, the downstairs and upstairs units each have three bedrooms and one bathroom. Each unit has a large living area and exterior covered porches. There is also a 3rd floor open attic area that can be storage or possible additional living space. This property also has the potential of operating as a mixed use building. A Special Use Permit exists that provides an outline of utilizing the downstairs unit as an office and the upstairs unit as a residence. The new owner would need to work through planning and zoning to approve the use. The existing special use permit information is provided as an attachment. The location of this sit is within walking distance to downtown. The property is bordered by residential and commercial uses. The residential use provides someone to own one unit and rent the other. Upon approval the right owner/operator or investor has great mixed use income earning potential. Must contact City of Wilmington Planning to utilize the special use permit.
    Exterior Features

    Attached Garage Spaces 0.00 Construction Wood Frame Detached Garage Spac 0.00 Exterior Features None Exterior Finish Wood Siding Fencing None Foundation Crawl SpacePilings Location Type Mainland Lot Dimensions 42 X 66 Lot Sq Ft 2426.00 Lot Water Features None Parking Driveway Street Only Pool Spa None Porch Balcony Deck CoveredPorch Road Type Frontage PavedPublic (City/Cty/St) Roof Metal Total Carport Spaces 0.00 Waterfront No Waterview No

    Interior Features

    1 Bedroom Appliances Stove/Oven - Electric 1 Bedroom Cooling Central 1 Bedroom Features Dining RoomKitchenLiving RoomW/D Hookup 1 Bedroom Heating Electric 1 Bedroom Units Avg Sqft 1698 1 Bedroom Units Full Baths 1 1 Bedroom Units Half Baths 0 1 Bedroom Units Total Rooms 7 Appliances Equipment None Attic FlooredStairs - Perm Basement Finished - NoOutside Entrance Cooling System Central Dining Room Type Formal Efficiency Apartment Avg Sqft 1698 Efficiency Apartment Full Baths 1 Efficiency Apartment Half Baths 0 Efficiency Apartment Rent 1800.00 Efficiency Apartment Total Rooms 7 Efficiency Appliance Stove/Oven - Electric Efficiency Features Dining RoomFireplaceKitchenLiving RoomW/D Hookup Efficiency Heating Electric Fireplace 2 Flooring TileWood Heating System ElectricHeat Pump Interior Features 9Ft+ CeilingsCeiling Fan(S)Pantry Laundry Location Hookup - DryerHookup - Washer Stories Levels 2nd Floor Water Heater Electric

    Property Features

    1 Bedroom Rent Freq Other 1 Bedroom Units Occupied No 1 Bedroom Units Rent 1800.00 Accessibility None Auction No City Limits Yes Cobra Zone No County Taxes 1247.23 Efficiency Apartment Occupied No Efficiency Rent Freq Other Electric Provider Duke Progress Energy Federal Flood Ins Available Yes Financials Available No Fuel Tank None Green Building Certification None Green Building Features None Hoa And Neighborhood Amenities See Remarks Hoa YN No Multifamily Sub Type Duplex New Construction No Possession At Closing Property Management Company No Secondary Subdivision N/A Sewer Provider Cape Fear Public Utility Authority Stipulation Of Sale None Tax Year 2019 Terms CashConventional Water Provider Cape Fear Public Utility Authority Water Sewer Municipal SewerMunicipal Water Zoning Hd



    Listing information © 2020 NCRMLS
    Listing provided courtesy of Stephanie A Heller of Intracoastal Realty Corporation.


    © 2020 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2020-03-29T10:56:53.77.
     
    David Cummings Real Estate Team
    1650 Military Cutoff Rd
    Wilmington NC, 28403