8-unit mixed-use property located near Wilmington's Historic District, Downtown, and the Soda Pop District. Built in 1900 with extensive renovations completed 2021-2024. Updates include full interior improvements with each residential unit uniquely finished. Property is in the UMX zoning district. Configuration includes 1 retail space, 4 one-bedroom units, 2 studio… Read More units, and 1 two-bedroom unit. Annual rental income approx. $124,000. Strong rental history and turnkey investment opportunity in a high-demand urban location. Read Less
Courtesy of Jeffrey G Hovis, Intracoastal Realty Corporation
Listing Snapshot
Days Online
340
Last Updated
Property Type
Multi Family
Square Ft.
4,434
Lot Size
0.08 Acres
Year Built
1900
MLS Number
100543390
Additional Details
Property Access
Road frontage type: 2 - 3 Lanes
Basement
None
Building
Built in 1900, Construction materials: Wood Siding, Wood Frame, Structure type: Wood Frame, Toal building area: 4434
Cooling
Central Air, Wall/Window Unit(s)
Floors
LVT/LVP, Carpet, Tile, Wood
Water Features
None
Heating
Electric, Forced Air, Natural Gas
Home Owner's Association
Association amenities: None
Income
Gross income: $124,200, Net operating income: $96,468
Lot
0.08 acres, 3,441 sqft, Corner Lot
Parking
On Street
Property
Zoning: UMX
Roof
Shingle
Taxes
Year: 2025
Utilities
Natural Gas Connected, Electricity Connected
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of . All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Intracoastal Realty Corporation shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.
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