1220 Queen St, Wilmington, NC 28401
- $1,250,000
- 2
- BD
- 1
- BA
- 882
- SqFt
- List Price
- $1,250,000
- Status
- ACTIVE
- Days on Market
- 93
- MLS#
- 100570339
- Subtype
- Residential
- Year Built
- 1920
- Bedrooms
- 2
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 882
- Lot Size
- 3,311
- Acres
- 0.08
- Subdivision
- Dawson-Castle Street
- Neighborhood
- Dawson-Castle Street
Property Description
Five-property income portfolio in downtown Wilmington -- offered as a single transaction. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is.
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Additional Information
- Zoning
- R-5
- Flooring
- Laminate, Wood
- Heating
- Other, Electric, Forced Air
- Air Conditioning
- Central Air
- Levels
- One
- Roof
- Shingle
- Foundation
- Crawl Space
- Parking Features
- On Street
- School District
- New Hanover
- Elementary School
- Forest Hills
- Middle School
- Williston
- High School
- Hoggard
- View
- Other
Mortgage Calculator
Listing courtesy of RE/MAX Essential.