$999,000
Description
Two rents were recently increased in this fully rented 7 unit apartment building in up and coming area of downtown Wilmington. New roof in 2016 - 30 year architectural shingles; HVAC's all good with one new in 2019 and two new in 2020. This heat and air conditioning system is efficient and inexpensive to run. A pump supplies water from a well for the heat and air conditioning. There are three 3 bedroom 1 bath units and four 2 bedroom 1 bath units. Almost 100% occupancy in the past 6 years. Long term tenants. Super easy to fill if there is a vacancy. Potential to raise the rent. Easily add a washer and dryer to the basement for additional income. This property has been a great income producing property for the seller for many years. Take note it is located across the street from Portia Mills Hines Park. Ask for financials.Property Highlights
- Property Type: Multi Family
- MLS #: 100292066
Property Features
| Basement | Exterior Entry |
| Construction Materials | Brick, Stucco, Wood Siding |
| Cooling | Central Air |
| Has Basement | Yes |
| Interior Square Footage | 5,990 |
| Lot Size Acres | 0.25 |
| Lot Size Dimension | 165x66 |
| Lot Size Square Feet | 10,890 |
| Sewer | Public Sewer |
| Total Parking | 5 |
| Water Source | Public |