Skip To Content

621 N 11th Street

Wilmington, NC 28401
  • $4,999,900
  • STATUS: Active
  • ON SITE: 13 Days
  • MLS #: 100427097
UPDATED: 6 min ago
$4,999,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1948
County:
Area:

School Ratings & Info

Description

20 door portfolio consisting 14, 3 bedrooms. and 6, 2 bedrooms. Currently has a rental income amount of $332,928. All rents are currently below market value by a large amount. Fair market value with approved government funded numbers ready for rent increases puts the pro forma at a rental income amount of $482,400. All utilities are in the tenants name. Reach out and we can provide you with rent roll, and approved s8 government funded worksheet.

Monthly Payment Calculator



Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-02-26T11:59:32.41.
www.c21coastalnc.com/homes/147556735
Print Image

621 N 11th Street Wilmington, NC 28401

  • Price: $4,999,900
  • Status: Active
  • On Site: 13 Days
  • Updated: 6 min ago
  • MLS #: 100427097
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1948
Built
Neighborhood:
Not In Subdivision
County:
New Hanover
Area:
Wilmington
Property Description
20 door portfolio consisting 14, 3 bedrooms. and 6, 2 bedrooms. Currently has a rental income amount of $332,928. All rents are currently below market value by a large amount. Fair market value with approved government funded numbers ready for rent increases puts the pro forma at a rental income amount of $482,400. All utilities are in the tenants name. Reach out and we can provide you with rent roll, and approved s8 government funded worksheet.
Exterior Features

Location Type Mainland Lot Dimensions irregular Lot Water Features None

Interior Features

Sq Ft Total Available 0.00

Property Features

City Limits Yes Cobra Zone No Current Use1 Multi-Family New Construction No Possession Subject To Tenant Rights Property Taxes 753.74 Sale Lease Includes See Remarks Sale Or Lease Sale Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2023 Terms 1031 ExchangeCashConventional Zoning R-3



Mid Carolina MLS logo Listing information © 2024 NCRMLS
Listing courtesy of The Domenico Grillo Real Estate Team of Keller Williams Innovate-Wilmington: (910) 777-2200.


Mid Carolina MLS logo© 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2024-02-26T11:59:32.41.
 
https://bt-photos.global.ssl.fastly.net/ncreg/1280_boomver_1_100427097-2.jpg https://bt-photos.global.ssl.fastly.net/ncreg/1280_boomver_1_100427097-2.jpg https://bt-photos.global.ssl.fastly.net/ncreg/1280_boomver_1_100427097-2.jpg
Logo
Century 21 Coastal Advantage
301 Western Blvd, Ste C
Jacksonville NC, 28546