For more information regarding the value of a property, please contact us for a free consultation.
621 N 11th ST Wilmington, NC 28401
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $3,975,000
Property Type Commercial
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not In Subdivision
MLS Listing ID 100427097
Sold Date 12/30/24
Originating Board Hive MLS
Year Built 1948
Annual Tax Amount $753
Lot Dimensions irregular
Property Description
20 door portfolio consisting 14, 3 bedrooms. and 6, 2 bedrooms. Currently has a rental income amount of $332,928. All rents are currently below market value by a large amount. Fair market value with approved government funded numbers ready for rent increases puts the pro forma at a rental income amount of $482,400. All utilities are in the tenants name. Reach out and we can provide you with rent roll, and approved s8 government funded worksheet.
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning R-3
Direction South on Market Street towards downtown. Right onto 23rd St. Left onto Princess Place Drive, Right onto N 11th St, Continue on King St, property is on the corner of King and Wynnwood St.
Interior
Heating Electric
Exterior
Waterfront Description None
Building
New Construction No
Others
Tax ID R04814-010-018-000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
Read Less
