Eric Gardner Knight, Broker
This listing was posted on RealtyWW.
$2,490,000
Home For Sale In Wilmington, North Carolina
Price:
$2,490,000
BR/BA:
3 BR
Location:
605-609 Nixon St, Wilmington, NC
Description:
Presenting 605, 607 and 609 Nixon St. in Downtown Wilmington, consisting of 12 units across three quadruplex condominiums on +/-.70 acres. Each unit contains three bedrooms and one full bath, plus recent renovations including granite counter tops in the kitchens and bathrooms, laminate flooring throughout and tile flooring in the bathrooms. The downstairs units feature fenced patios with outdoor storage closets while the upstairs units have covered balconies with outdoor storage closets. Rents on five of the units are subsidized with housing vouchers through the Wilmington Housing Authority. The Housing Authority recently approved a currently vacant unit for an 18% rent increase, the seller is in the process of having three others approved at the same rate. The opportunity for future similar increases on the remaining units at lease renewal and turnover provides a generous value add. The tenants are responsible for electric, water, sewer and cable. The property is located adjacent to the popular Brooklyn Arts District in Downtown Wilmington, NC. The immediate area offers access to public parks, medical care, pharmacy, transportation, restaurants and entertainment. The Wilmington MSA is one of the fastest growing in North Carolina--encompassing New Hanover, Brunswick and Pender Counties. Demand for affordable housing is outpacing supply by a wide margin throughout the region, supporting this offering as a durable investment.For more details: https://realtyww.info/homes_wilmington-d528741/for-sale_i71751542
Property Type:
Single-Family Houses
Amenities:
Cable or Satellite, Storage
Posted:
May 12 on RealtyWW
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More About this Listing: Home For Sale In Wilmington, North Carolina
Home For Sale In Wilmington, North Carolina is a Three Bedroom Single-Family Homes for Sale at 605-609 Nixon St in Wilmington NC. Find other listings like Home For Sale In Wilmington, North Carolina and listings near 605-609 Nixon St by searching Oodle Classifieds for Three Bedroom Single-Family Homes for Sale in Wilmington NC.
Home For Sale In Wilmington, North Carolina is a Three Bedroom Single-Family Homes for Sale at 605-609 Nixon St in Wilmington NC. Find other listings like Home For Sale In Wilmington, North Carolina and listings near 605-609 Nixon St by searching Oodle Classifieds for Three Bedroom Single-Family Homes for Sale in Wilmington NC.