1002 Grace Street, Wilmington, NC 28401
- $855,000
- 5,990
- SqFt
- Sold Price
- $855,000
- List Price
- $999,000
- Status
- CLOSED
- MLS#
- 100292066
- Closing Date
- Nov 20, 2023
- Days on Market
- 756
- Year Built
- 1956
- Half-baths
- 7
- Living Area
- 5,990
- Acres
- 0.25
- Neighborhood
- Not In Subdivision
- Stipulations
- None
Property Description
Two rents were recently increased in this fully rented 7 unit apartment building in up and coming area of downtown Wilmington. New roof in 2016 - 30 year architectural shingles; HVAC's all good with one new in 2019 and two new in 2020. This heat and air conditioning system is efficient and inexpensive to run. A pump supplies water from a well for the heat and air conditioning. There are three 3 bedroom 1 bath units and four 2 bedroom 1 bath units. Almost 100% occupancy in the past 6 years. Long term tenants. Super easy to fill if there is a vacancy. Potential to raise the rent. Easily add a washer and dryer to the basement for additional income. This property has been a great income producing property for the seller for many years. Take note it is located across the street from Portia Mills Hines Park. Ask for financials.
Additional Information
- Taxes
- $4,024
- Cooling
- Central
- Heating
- Other-See Remarks
- Exterior Finish
- Brick, Stucco, Wood Siding
- Lot Information
- Corner Lot
- Sewer
- Municipal Sewer, Municipal Water
Mortgage Calculator
Listing courtesy of Berkshire Hathaway Homeservices Carolina Premier Properties. Selling Office: Keller Williams Innovate-Wilmington.
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