Property Type:
Comm Sale or Lease
Square Footage:
1,927
Lot Size (sq. ft.):
9,496
Status:
Closed
Current Price:
$2,900,000
List Date:
9/08/2023
Last Modified:
11/13/2023
Description
An Invest portfolio that doesn't come around often! This package includes 6 Single family homes all on separate parcels next to each other making the perfect college rental compound being seconds from the university. Fully occupied with Brand new
annual leases that started in Aug. These properties have very little turnover and college students join a waiting list to apply. Each property rents for $3,400 a month bringing in 245k a year and all utilities are in each tenants name. PRIME PRIME location! 5 mins to Wrightsville Beach. 2 Mins to the university of Wilmington. 10 Mins to the airport. 15 Mins to downtown Wilmington. Hospital is down the street and tons of shopping and dining near by. These rents plan to increase next year. Roofs are fairly new. Majority of the HVACS under 7 years old some are brand new! Each house has 4 bedrooms 3 bathrooms and open kitchen/living room floor plan. Plenty of parking and a nice large common area in the middle for hanging out! All tenants are set up on a online portal to bee able to pay on auto draft, hold a CRM, place work orders and hold all files for each address. We are able to switch this over to new owner making it very easy to manage. Reach out for more details!
Last Updated: November - 13 - 2023
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