$450,000 $2,347 est/mo Sourced by Back At You

1002 S 4th Street,Wilmington, NC 28401

Wilmington NC, 28401

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Description

Prime Investment Opportunity in Historic Downtown Wilmington! Attention Investors! Don't miss this exceptional triplex located at 1002 S 4th St in the heart of Historic Downtown Wilmington. This property is fortified with a solid brick exterior and sits prominently on a corner lot, offering excellent curb appeal and long-term stability. The triplex includes two 1-bedroom, 1-bathroom units and one 2-bedroom unit, making it a versatile addition to your rental portfolio. Each unit is easy to rent, ensuring a stable and consistent income stream. With three power meters and a single water meter, utility management is straightforward and efficient.Situated in the desirable south side of Wilmington, this property is perfectly positioned for growth. The excellent location provides plenty of upside for upgrades and rent increases as turnovers occur, allowing you to maximize your return on investment. The area is known for its strong rental demand, ensuring you can keep units occupied with ease.This triplex is not only a stable investment but also an opportunity to add significant value through strategic improvements. Whether you choose to renovate and modernize the units or simply enjoy the steady cash flow, 1002 S 4th St offers immense potential.Seize this rare chance to invest in a prime property in a historic and thriving part of Wilmington.

Details

MLS#100451341
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusPending with Showings
Year1940
Days On Site25
Listing Provided ByKeller Williams Innovate-Wilmington | Christian Cardamone
Buying Commision2.5%

Features

Bed(s)4
Bath(s)3
N/A1,994
Story(s)1
ZoningR-5
Acreage0.06

Market Activity 28401

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Listings Checked: 28 minutes ago
StateNC
CountyNew Hanover
CityWilmington
Zip Code28401
AreaNew Hanover
Community NameDowntown
Listing VS Median (in Downtown)
Price:
$450,000
low | high
Med:
$500,000
38.888888888889% of Average
SqFt:
1,994
low | high
Med:
840
100% of Average
$ / SqFt:
$226
low | high
Med:
$595
100% of Average
On Site:
25
low | high
Med:
306.000000
8.169934640523% of Average
Sourced by Back At You
Listing Updated: July 12, 2024 at 12:41:53 PM PDT