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Jay Sutton

info@suttonrealtygroup.com +1(919) 435-4056

$ 4,499,800

Est. payment -/mo

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621 N 11th ST Wilmington, NC 28401

UPDATED:

10/13/2024 10:36 AM

Key Details

Property Type Commercial

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Not In Subdivision

MLS Listing ID 100427097

Originating Board North Carolina Regional MLS

Year Built 1948

Annual Tax Amount $753

Lot Dimensions irregular

Property Description

20 door portfolio consisting 14, 3 bedrooms. and 6, 2 bedrooms. Currently has a rental income amount of $332,928. All rents are currently below market value by a large amount. Fair market value with approved government funded numbers ready for rent increases puts the pro forma at a rental income amount of $482,400. All utilities are in the tenants name. Reach out and we can provide you with rent roll, and approved s8 government funded worksheet.

Location

State NC

County New Hanover

Community Not In Subdivision

Zoning R-3

Direction South on Market Street towards downtown. Right onto 23rd St. Left onto Princess Place Drive, Right onto N 11th St, Continue on King St, property is on the corner of King and Wynnwood St.

Interior

Heating Electric

Exterior

Waterfront Description None

Building

New Construction No

Others

Tax ID R04814-010-018-000

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

Listed by Keller Williams Innovate-Wilmington

Jay Sutton

Broker | License ID: 248170

+1(919) 435-4056

Jay Sutton

621 N 11th ST Wilmington, NC 28401

Key Details

Location

Interior

Exterior

Building

Others

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621 N 11th ST