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
Listing courtesy of Intracoastal Realty Corp.
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