8 S 7th Street, Wilmington, NC 28401

$360,000
6
BD
2
BA
Sold Price
$360,000
List Price
$375,000
Status
CLOSED
MLS#
100251454
Closing Date
Mar 30, 2021
Days on Market
9
Year Built
1918
Levels
2nd Floor
Bedrooms
6
Bathrooms
2
Acres
0.06
Neighborhood
Historic District
Stipulations
None

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.

Additional Information

Taxes
$1,855
Available Amenities
See Remarks
Interior Features
9Ft+ Ceilings, Ceiling Fan(s), Pantry
Dining Description
Formal
Cooling
Central
Heating
Heat Pump
Water Heater
Electric
Fireplaces
2
Floors
Tile, Wood
Foundation
Brick/Mortar, Crawl Space
Roof
Metal
Exterior Finish
Wood Siding
Lot Water Features
None
Sewer
Municipal Sewer, Municipal Water
Elementary School
Snipes
Middle School
Williston
High School
New Hanover

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Intracoastal Realty Corp. Selling Office: Sky's The Limit Realty.

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