BEDS6
BATHS
SQUARE FEET3,301
MLS#100563459
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONHistoric District
Property Description
This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses.The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity.There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Electric, Forced Air
Lot Size: 0.12 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $1,297
Year Built: 1920
Feature Descriptions
Appliances: Electric Oven, Refrigerator
Days on Site: 65
Exterior: Wood Siding, Wood Frame
Fencimg: Partial, Wood
Flooring: LVT/LVP, Tile, Wood
Laundry: Dryer Hookup, Washer Hookup
Lot Dimensions: 54 x 95 x 48 x 99
Parcel#: R04813-028-018-000
Parking: On Street
Parking Notes: On Street
Patio/Porch: Porch, Rear Porch
Sewer: Municipal Sewer, Cape Fear Public Utility Authority
Special View Info: See Remarks
Units: 4
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: New Hanover
Middle School: Williston
Elementary School: Snipes
Listed By / Shown By
Listed By
Agency Name: Intracoastal Realty Corp
Agency Phone: 910-256-4503
Shown By
Agent Name: Ashley Wiggins
Agent Phone: (843) 520-6163
Agency Title: CENTURY 21 Thomas
Estimate Your Payment
Estimated Payment
$ 1,857.56 per month $1,546.77 Principal & Interest $108.08 Property Tax $202.71 Homeowner's InsuranceChange Payment Information
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407 Red Cross Street | MLS# 100563459
This multi-family property located at 407 Red Cross Street, Wilmington, NC 28401 is currently listed for sale with an asking price of $695,000. Search Wilmington real estate on awiggins.century21thomas.com today.