$829,000
For Sale

808 N 5th Avenue

Wilmington, NC 28401
2400 sqft | 6 beds | 0.12 acres | #100498704
Browse 30 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

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.

  • Property Details
      • InteriorMaster Downstairs, 9Ft+ Ceilings, Ceiling Fan(s), Pantry
      • HeatingHeat Pump, Electric, Forced Air
      • Parking FeaturesSee Remarks, Off Street
      • SubdivisionNot In Subdivision
      • Parcel NumberR04813-003-005-000
      • Property TypeMulti-Family
      • CoolingCentral Air
      • Cooling FeaturesCentral Air
      • High SchoolNew Hanover
      • CountyNew Hanover
      • Structure TypeWood Frame
      • Middle SchoolWilliston
      • MLS #100498704
      • MLS #100498704
      • StoriesOne, Two
      • Exterior FeaturesLighting
      • Exterior MaterialsLighting
      • Original List Price$829,000
      • RoofShingle
      • Elementary SchoolSnipes
      • Cost829000
      • Property SubtypeDuplex
      • Acres0.12
      • Square Feet2400
      • Year Built2002
      • FoundationSlab
      • Zoningr-3
      • Bedrooms6
      • Days on Market (Cumulative)9

Location

Noria Namaz | Coldwell Banker Sea Coast Advantage - WashingtonReal Estate Group
OR

Interested in Purchasing 808 N 5th Avenue?

Get an estimate on monthly payments on this property.

$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00