407 Red Cross St, Wilmington, NC 28401
- $695,000
- 6
- BD
- 4
- BA
- List Price
- $695,000
- Status
- ACTIVE
- Days on Market
- 121
- MLS#
- 100563459
- Subtype
- Residential Income
- Year Built
- 1920
- Bedrooms
- 6
- Bathrooms
- 4
- Lot Size
- 5,227
- Acres
- 0.12
- Subdivision
- Historic District
- Neighborhood
- Historic District
Property Description
This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses. The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity. There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.
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Additional Information
- Amenities
- None
- Zoning
- HD-MU
- Flooring
- Vinyl, Tile, Wood
- Appliances
- Electric Oven, Refrigerator
- Heating
- Electric, Forced Air
- Air Conditioning
- Central Air
- Levels
- Two
- Roof
- Shingle
- Foundation
- Crawl Space
- Parking Features
- On Street
- Elementary School
- Snipes
- Middle School
- Williston
- High School
- New Hanover
- View
- Other
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Listing courtesy of Intracoastal Realty Corporation.