123 S 10th Street, Wilmington, NC 28401

$8,500,000
51,303
SqFt
List Price
$8,500,000
Status
ACTIVE
MLS#
100264333
Days on Market
16
Year Built
1920
Living Area
51,303
Acres
6.13
Neighborhood
Not In Subdivision

Property Description

Residential rental property portfolio located in Wilmington, North Carolina. The portfolio consists of 48 properties and a total of 52 rental units. The units consist of single family homes and duplexes. Property units range in size of one bedroom units to three bedroom units. Annual rental income estimated in excess of $680,000. Owner has established a solid tenant base and efficient property management model. Properties are located through out the City of Wilmington and are close to schools, shopping, transportation, medical service and much more. Portfolio has room to grow the rent base along with benefiting from a growing residential market demand.

Additional Information

Taxes
$1,085
Cooling
See Remarks
Heating
Other-See Remarks
Water Heater
See Remarks
Floors
See Remarks
Roof
See Remarks
Exterior Finish
See Remarks
Lot Water Features
None
Sewer
See Remarks

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Intracoastal Realty Corp.

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