1220 Queen ST, Wilmington, NC 28401
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1220 Queen ST, Wilmington, NC 28401
1220 Queen ST, Wilmington, NC 28401
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Kimberly Lahodny

Kimberly Lahodny

+1(706) 810-5780
$ 1,250,000
Est. payment /mo
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Active

1220 Queen ST Wilmington, NC 28401

2 Beds

1 Bath

882 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 882 sqft

Price per Sqft $1,417

Subdivision Dawson-Castle Street

MLS Listing ID 100570339

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1920

Lot Size 3,311 Sqft

Acres 0.08

Lot Dimensions 33 x 100

Property Sub-Type Single Family Residence

Source Hive MLS

Property Description

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.

Location

State NC

County New Hanover

Community Dawson-Castle Street

Zoning R-5

Direction Head towards Downtown Wilmington, take Oleander Drive to Wooster Street. Take a right on S 13th St. Take a left on Queen

Interior

Interior Features See Remarks61

Heating Other, Electric, Forced Air

Cooling Central Air

Flooring Laminate, Wood

Fireplace No

Exterior

Parking Features On Street

Fence Partial

Utilities Available Water Connected

View None

Roof Type Shingle

Porch Front Porch

Building

Dwelling Type Wood Frame,Stick Built

Story 1

Foundation Crawl Space

Water Public

Level or Stories 1

Structure Type Wood Frame

New Construction No

Schools

Elementary Schools Forest Hills

Middle Schools Williston

High Schools Hoggard

Others

Tax ID R05410-015-027-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Benjamin T Eisenberg • RE/MAX Essential

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1220 Queen ST