Package of ten condos in a great community in PRIME location of Wilmington, North Carolina. Each unit has 3 beds/3 baths and is located less than a mile to the UNCW campus. Within a mile to plenty of shopping and less than 5 mins to the beach! Spacious bedrooms all with their own private bathrooms and walk-in closets. Ideal as investment properties. All properties currently below market value. How dues are 2400/year for each unit. Property taxes are close to 20k in total. Each property should be able to rent for 2100-2200. 4 units recently vacant and have been turned and ready for rent to be increased. NOI with pro forma is roughly 225k annually. Reach out for more information! 370 S. Kerr Ave. Unit 105 Wilmington, NC 28403 ((tenant occupied until 4/2024) 370 S. Kerr Ave. Unit 106 Wilmington, NC 28403 370 S. Kerr Ave. unit 103 Wilmington, NC 28403 (no washer/dryer) 370 S. Kerr Ave. unit 104 Wilmington, NC 28403 (tenant occupied until 10/14/2023, $1,800) 370 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 11/11/2023, $1,745) 376 S. Kerr Ave. unit 302 Wilmington, NC 28403 (fresh paint for entire unit) 376 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 2/15/2024, $1,575) 376 S. Kerr Ave. unit 305 Wilmington, NC 28403 376 S. Kerr Ave. unit 101 Wilmington, NC 28403 (fresh paint for entire unit, no washer/dryer) 376 S. Kerr Ave. unit 102 Wilmington, NC 28403 We have a total of 10 units in this complex for sale. Possibly more in the future as a package!
Mls | 100411313 |
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Listing Type | For Sale |
Style | Attachd |
Hoadues | $2,400 |
Subtype | Resale |
Status | Pending |
Year | 2007 |
Days On Site | 388 |
Listing Provided By | Keller Williams Innovate-Wilmington | The Domenico Grillo Real Estate Team |
Sq Feet | 12,000 |
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Zoning | RES |
State | NC |
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County | New Hanover |
City | Wilmington |
Zip Code | 28403 |
Area | New Hanover |
Community Name | Kerr Crossing |
Listing VS Median (in Kerr Crossing) | |
Price: $2,149,900 low | high Med: $214,990 SqFt: 12,000 low | high Med: 1,200 $ / SqFt: $179 low | high Med: $179 On Site: 388 low | high Med: 387.000000 |