Link Copied
$829,000

Added 2 months ago

808 N 5 Th Ave, Wilmington, NC

Real Estate

For Sale

Listed price in listed location currency (USD).
$829,000

Added 2 months ago

64-0
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size -
Garage No
Taxes 
Days Active 66
Lot Size 
Approx. Age 2002
MLS® Number 100498704

Property Address: 808 N 5 Th Ave, Wilmington, North Carolina

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number100498704
Laundry Level
Central VacNo
FireplaceNo
Acreage0.12
ExteriorLighting
GarageNo
Approx. Age2002
Basement
DrivewaySee Remarks, Off Street
Garage Spaces
HeatHeat Pump, Electric, Forced Air
A/CCentral Air
Heating Fuel

Extras

808 N 5 Th Ave, Wilmington, NC

Similar Listings

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

Get notified of price or status changes by saving this listing