719-729 Princess St - Apartments FOR SALE


Wilmington, NC 28401- Carolina Heights
$1,465,000 USD
910-512-2205
719-729 Princess St, Wilmington, NC for Sale
$1,465,000 USD
Apartments - FOR SALE
1/102
null | Request Cap Rate

719-729 Princess St
Wilmington, NC 28401
Carolina Heights


OVERVIEW

8-unit mixed-use property located near Wilmington's Historic District, Downtown, and the Soda Pop District. Built in 1900 with extensive renovations completed 2021-2022. Updates include full interior improvements with each residential unit uniquely finished. Property is in the UMX zoning district. Configuration includes 1 retail space, 4 one-bedroom units, 2 studio units, and 1 two-bedroom unit. Annual rental income approx. $124,000. Strong rental history and turnkey investment opportunity in a high-demand urban location.

FOR SALE DETAILS

PRICE

$1,465,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

8

PRICE/UNIT

$183,125

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

UMX

APN/PARCEL ID

R04817-022-009-000

ASK ABOUT THIS PROPERTY

Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

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Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.