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Lanier Property Group Team

[email protected] +1(910) 398-4304

$ 829,000

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808 N 5th AVE Wilmington, NC 28401

6 Beds

4 Baths

2,400 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,400 sqft

Price per Sqft $345

Subdivision Not In Subdivision

MLS Listing ID 100498704

Style Wood Frame

Bedrooms 6

Originating Board Hive MLS

Year Built 2002

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions Irr

Property Sub-Type Duplex

Property Description

Great 2-unit building with very strong Annual Income of $68,000 w./ greater potential income...In an amazing location...Great opportunity for strong passive income... Many opportunities such as: rent unit# 1 & use unit# 2 as your posh downtown crash pad. Or rent both units... Built to be a very LOW maintenance property; with lots of off-street parking in an amazing location! Walking distance to everything! Walk to all amenities downtown including: Live Oak Amphitheater, Social District on N 4th St, Riverwalk, CFCC, all the thriving restaurants, breweries & other exciting amenities downtown. The amazing location is very beneficial w/ Airbnb rentals...Unit 1 is already a nice Airbnb & Unit 2 has easy/ great tenants! This isa TURNKEY PROPERTY!! Furnishings can come with sale. Great property, especially when compared to other multi-family & condos that are selling downtown. Get 2 units that are low maintenance in outstanding location & has lots off street parking, at a much better price !! ( as compared to others that are selling ) A big plus is: FHA allows rent from Unit2 to be used as INCOME to help w/ mortgage approval. Income potential is based on past income. Designed & built as a modern 2-unit building, the units offer all the modern features like open floor plans & master suites w/ bathrooms. Unlike many of homes downtown that are a 100 years old, & have many ''old house'' issues....This one was built to modern building codes & standards. This is NOT like other homes downtown that were single-family homes that were ''cut up'' & ''converted'' into 2 awkward units....Can build detached garage. Other highlights: big CHARLESTON-STYLE PORCH, hardwoods, no carpet, open floor plan, amazing upper porch looks down beautifully tree-lined 5th Ave &huge backyard!.. Rare opportunity to own 2-unit building in awesome location Existing rent can help w/ financing. Turnkey with strong rents & ready to go. Very easy to show!! ...Come see it today...Call for more info.

Location

State NC

County New Hanover

Community Not In Subdivision

Zoning r-3

Direction North 3rd street right on Brunswick St left on North 5th

Interior

Interior Features Master Downstairs, 9Ft+ Ceilings, Ceiling Fan(s), Pantry

Heating Heat Pump, Electric, Forced Air

Cooling Central Air

Flooring LVT/LVP, Wood

Fireplaces Type None

Furnishings Partially

Fireplace No

Exterior

Exterior Feature Lighting

Parking Features See Remarks, Off Street

Amenities Available See Remarks

Roof Type Shingle

Porch Covered, Deck, Porch

Building

Story 2

Entry Level One,Two

Foundation Slab

Structure Type Lighting

New Construction No

Schools

Elementary Schools Snipes

Middle Schools Williston

High Schools New Hanover

Others

Tax ID R04813-003-005-000

Hive MLS / (NCRMLS) / Cape Fear Realtors

Listed by Homes For Sale in Wilmington

Lanier Property Group Team

Broker | License ID: 273505

+1(910) 398-4304

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Wilmington, NC

Lanier Property Group Team

808 N 5th AVE Wilmington, NC 28401

Key Details

Location

Interior

Exterior

Building

Schools

Others

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808 N 5th AVE