1220 Queen Street, Wilmington, NC, 28401
2beds
1baths
882sqft
$1,250,000
$1,417price/sqft
$7,456/moest. monthly cost
$298,240/yrincome needed
About This Home
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.
Getting Around
70
Somewhat Walkable34
Some Transit62
BikeableSchools
5/10
6/10
3/10
Construction
Condition
- Year built: 1920
Materials
- Foundation: Crawl Space
- Roof: Shingle
- Construction materials: Wood Frame,See Remarks
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedroom2
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- See Remarks61
- Flooring: Laminate,Wood
Heating & Cooling
- Heating features: Other,Electric,Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 882
- Total interior livable area: 882 sqft
Kitchen
- Level: First
Master Bedroom
- Level: First
Property
Details
- Parcel number: R05410015027000
- Zoning: R-5
- Special condition: Standard
Features
- Levels: One
- Patio & porch: Front Porch
- Fencing: Partial
- Has view: Yes
- View description: See Remarks
- Frontage type: See Remarks
- Living area range: 800 - 999
Lot
- Lot size: 3,484 sqft
- Lot size dimensions: 33 x 100
Parking
- Parking features: On Street
- Has uncovered spaces: Yes