1002 Grace Street, Wilmington, NC 28401

$999,000
5,990
SqFt
List Price
$999,000
Status
ACTIVE
MLS#
100292066
Days on Market
22
Year Built
1956
Half-baths
7
Living Area
5,990
Acres
0.25
Neighborhood
Not In Subdivision

Property Description

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
$2,620
Cooling
Central
Heating
Other-See Remarks
Exterior Finish
Brick, Stucco, Wood Siding
Sewer
Municipal Sewer, Municipal Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

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

Listing courtesy of Century 21 Sweyer & Associates - Landfall.

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