Location
Agent Comments
Five-property income portfolio in downtown Wilmington -- offered as a single transaction. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is.
Additional Features
- County: New Hanover
- Days on Market: 140
- Pool: No
- Tax Number: R05410-015-027-000
- Water/Sewer: Water Connected
- Year Built: 1920
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Tax Year: 2025
- Tax Amount: $1,150.53
Financial
- Short Sale: Standard
Interior Features
- Cool System: Central Air
- Floors: Laminate, Wood
- Heat System: Other, Electric, Forced Air
- Interior: See Remarks
- Room Type: Master Bedroom, Bedroom 2, Dining Area, Living Room
- Total Rooms: 4
- Levels: One
- Heating Fuel: Electric
- Full Baths: 1
- 1/2 Baths: 0
- Basement Description: None
Exterior Features
- Fuel Tanks: None
- Parking: On Street
- Roof: Shingle
- Siding: See Remarks
- Is New Construction: No
- Construction: Wood Frame
- Foundation: Crawl Space
- Water Source: Public
- Septic or Sewer: Municipal Sewer
- Utilities: Water Connected
- Garage Spaces: 0
- Parking Spaces: 0
- Fencing: Partial
- Exterior: See Remarks
- Patio/Deck Description: Front Porch
- Zoning: R-5
- Building Total Area (Sq.Ft): 882
- Road Description: City Street,State Road
- Road Improvements: See Remarks
- View Description: See Remarks
Location
- Directions: Head towards Downtown Wilmington, take Oleander Drive to Wooster Street. Take a right on S 13th St. Take a left on Queen
- Street Number: 1220
- County: New Hanover
- Latitude: 34.22754
- Longitude: -77.932252
- Subdivision: Dawson-Castle Street
- Marketing City: Wilmington
Listed by: Benjamin T Eisenberg from RE/MAX Essential.