621 n 11th Street

Wilmington, NC 28401 / Not In Subdivision

MLS ID# 100427097 Active
Multi-Family

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$4,499,800

0 acres

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• Description
• Location Information
• Building Info
• Building/Ext Features
• Legal and Taxes
• Details

Description

20 door portfolio consisting 14, 3 bedrooms. and 6, 2 bedrooms. Currently has a rental income amount of $332,928. All rents are currently below market value by a large amount. Fair market value with approved government funded numbers ready for rent increases puts the pro forma at a rental income amount of $482,400. All utilities are in the tenants name. Reach out and we can provide you with rent roll, and approved s8 government funded worksheet. 20 door portfolio consisting 14, 3 bedrooms. and 6, 2 bedrooms. Currently has a rental income amount of $332,928. All rents are currently below market value by a large amount. Fair market value with approved government funded numbers ready for re... show more

Location Information

• Street # 621
• Pre Direction N
• Street Name 11th
• Street Suffix Street
• County New Hanover
• City Wilmington
• StateProvince NC
• Zip Code 28401
• City Limits Yes
• Subdivision Not In Subdivision
• Secondary Subdivision N/A

New Construction

No

Building/Ext Features

• Lot Acres 0
• Lot SqFt 0
• Lot Dimensions irregular
• SqFt - Total Available 0
• SqFt - Heated (Primary) 0
• Location Type Mainland

Legal and Taxes

• Tax Assessed Value 89200
• Deed Book 6350
• Deed Page 634
• Legal Lot 8 Blk 5 Love Grove
• Broker Owner No
• PID R04806-002-008-000
• Tax Identifier R04814-010-018-000
• Plat Book 00
• Plat Page 00
• Total Real Estate Property Taxes 753.74
• Special Assessments None
• Tax Year 2023
• Year Built 1948
• Zoning R-3
• Cobra Zone No

Details

• Current Use

  Multi-Family

• Lot Water Features

  None

• Heating System Fuel Source

  Electric

• Terms

  1031 Exchange, Cash, Conventional