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4946 Wrightsville Avenue, Wilmington, NC 28403

$2,900,000

80-web-or-mls-Photo Sep 07 2023, 7 06 56

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

Overview

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 se ... (Read more)

Listing Details MLS# 100403989

Contract Info

Delayed Marketing?: No
Marketing Start Date: 2023-09-08
Garage: Masterlock
Auction: No
Listing Price: 3000000
List Price/SqFt: 1556.82
Stipulation of Sale: Standard

Location Information

Street #: 4946
Street Name: Wrightsville
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28403
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: College Rd South to Wrightsville Ave. Left on Wrightsville. Homes will be on the right.
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 1927

Legal and Taxes

Tax Assessed Value: 246600
Deed Book: 2252
Deed Page: 210
Legal: LT 1 BLK A WINTER PARK HEIGHTS
Broker Owner: Yes
PID: R05520011016000
Tax Identifier: R05520-011-014-000
Total Real Estate Property Taxes: 2083.77
Special Assessments: None
Tax Year: 2023
Year Built: 1998
Zoning: R-15
Cobra Zone: No
Plat Book: No
Plat Page: No

More Information

Status Change Info

Under Contract Date: 2023-09-13
Sold Date: 2023-11-10

Building/Ext Features

Lot Acres: 0.22
Lot SqFt: 9496
Lot Dimensions: irregular
Location Type: Mainland

Current Use

Residential: Yes

Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Parking Features

Concrete: Yes
On Site: Yes
Paved: Yes
Private: Yes

Sale/Lease Includes

Buildings: Yes
See Remarks: Yes

Roof

Shingle: Yes

Cooling

Central Air: Yes

Heating System Fuel Source

Electric: Yes

Water Heater

Electric: Yes

Lease Types

See Remarks: Yes

Property Features

Parking Features: Concrete; On Site; Paved; Private Roof: Shingle Current Use: Residential Cooling: Central Air Heating System Fuel Source: Electric Water Heater: Electric Terms: 1031 Exchange; Cash; Conventional Lease Types: See Remarks

IDX

Listing Office: Keller Williams Innovate-Wilmington

Last Updated: November - 13 - 2023

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