808 N 5th AVE new Save Request In-Person Tour Request Virtual Tour
Wilmington,NC 28401
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $345
Subdivision Not In Subdivision
MLS Listing ID 100498704
Style Wood Frame
Bedrooms 6
Originating Board Hive MLS
Year Built 2002
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions Irr
Property Sub-Type Duplex
Property Description
Great 2-unit building with very strong Annual Income of $68,000 w./ greater potential income...In an amazing location...Great opportunity for strong passive income... Many opportunities such as: rent unit# 1 & use unit# 2 as your posh downtown crash pad. Or rent both units... Built to be a very LOW maintenance property; with lots of off-street parking in an amazing location! Walking distance to everything! Walk to all amenities downtown including: Live Oak Amphitheater, Social District on N 4th St, Riverwalk, CFCC, all the thriving restaurants, breweries & other exciting amenities downtown. The amazing location is very beneficial w/ Airbnb rentals...Unit 1 is already a nice Airbnb & Unit 2 has easy/ great tenants! This isa TURNKEY PROPERTY!! Furnishings can come with sale. Great property, especially when compared to other multi-family & condos that are selling downtown. Get 2 units that are low maintenance in outstanding location & has lots off street parking, at a much better price !! ( as compared to others that are selling ) A big plus is: FHA allows rent from Unit2 to be used as INCOME to help w/ mortgage approval. Income potential is based on past income. Designed & built as a modern 2-unit building, the units offer all the modern features like open floor plans & master suites w/ bathrooms. Unlike many of homes downtown that are a 100 years old, & have many ''old house'' issues....This one was built to modern building codes & standards. This is NOT like other homes downtown that were single-family homes that were ''cut up'' & ''converted'' into 2 awkward units....Can build detached garage. Other highlights: big CHARLESTON-STYLE PORCH, hardwoods, no carpet, open floor plan, amazing upper porch looks down beautifully tree-lined 5th Ave &huge backyard!.. Rare opportunity to own 2-unit building in awesome location Existing rent can help w/ financing. Turnkey with strong rents & ready to go. Very easy to show!! ...Come see it today...Call for more info.
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning r-3
Direction North 3rd street right on Brunswick St left on North 5th
Interior
Interior Features Master Downstairs,9Ft+ Ceilings,Ceiling Fan(s),Pantry
Heating Heat Pump,Electric,Forced Air
Cooling Central Air
Flooring LVT/LVP,Wood
Fireplaces Type None
Furnishings Partially
Fireplace No
Exterior
Exterior Feature Lighting
Parking Features See Remarks,Off Street
Amenities Available See Remarks
Roof Type Shingle
Porch Covered,Deck,Porch
Building
Story 2
Entry Level One,Two
Foundation Slab
Structure Type Lighting
New Construction No
Schools
Elementary Schools Snipes
Middle Schools Williston
High Schools New Hanover
Others
Tax ID R04813-003-005-000