808 N 5th Avenue, Wilmington, NC 28401

Property Description

Great opportunity to own great 2-unit building with very strong income! Current monthly rents are $5495! In a great location, walking distance to everything! Unit 1 already set up as nice Airbnb / Furnished Rental, & Unit 2 is income producing w/ great tenant. A big plus is: FHA allows rent from Unit 2 to be used as INCOME to help w/ mortgage approval. PNC offering $5000 incentive program for qualified buyers!! A great LOW maintenance property w/ tons of OFF-STREET PARKING! OUTSTANDING LOCATION: walking distance to all the fun events & amenities downtown! Such as: Live Oak Amphitheater, Restaurants, Riverwalk, Breweries, Live Events, Parks, CF College, Brooklyn Arts, etc...Unit1 already functioning as furnished rental w/ strong history..,This is a turnkey property! Many options exists w/ this 2-unit building.... Airbnb the furnished Unit & use it ''some'' as your ''downtown crash pad'' while collecting steady rents from Unit 2 ...Or continuous rent Unit 1 & Unit 2...or live-in Unit1 & collect steady rent Unit2...Originally designed & built as a modern 2-unit building in 2000s, 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'' problems....This one was built to modern building codes & standards. This is NOT like many other homes downtown that were single-family homes that were ''cut-up / converted'' into 2 awkward units....A few other highlights: big CHARLESTON-STYLE PORCH, hardwoods, no carpet, off-street parking, open floor plan, amazing upper porch that looks down beautifully tree-lined 5th Ave & huge backyard! Possible to build another rentable unit or garage. Rare opportunity to own 2-unit building in one of best locations downtown. Very strong short-term rental location. Existing rent can help w/ financing. Turnkey with strong rents & ready to go. Rare opportunity...Very easy to show...Come see it today...Call for more info.