2940 Oleander Drive, Wilmington, NC 28403

$2,135,000
9,047
SqFt
List Price
$2,135,000
Status
ACTIVE
MLS#
100354950
Days on Market
100
Year Built
1951
Half-baths
8
Living Area
9,047
Acres
0.08
Neighborhood
Not In Subdivision

Property Description

Unique investment opportunity. Property portfolio consisting of three townhomes(Downey Branch, Marlin Ct) and five condos(Longstreet Dr, Tara Ct, Oleander Dr). This very profitable rental investment portfolio generates almost $170,000 in annual income. This portfolio has a very controlled expense resulting in a NOI of $135,000. This investment is coming in at a 6.3 Cap Rate with room to increase results. Tenants are in place, all appliances are owned by seller and one unit comes furnished.

Additional Information

Occupancy %
100.00
Taxes
$9,903
HOA (annual)
$22,162
Available Amenities
See Remarks
Cooling
Central
Heating
Forced Air
Water Heater
Electric
Floors
See Remarks
Roof
See Remarks
Exterior Finish
See Remarks
Lot Information
See Others
Lot Water Features
None
Sewer
Electricity Connected, Municipal Sewer

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 Intracoastal Realty Corp.

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