1220 Queen St, Wilmington, NC 28401
- Beds
- 2
- Bath
- 1
- Sqft
- 882
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Overview
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.
Location
Full feature list
Basic info
- Property type
- House
- Number of stories
- 1
- Number of bedrooms
- 2
- Number of bathrooms
- 1
- Square feet
- 882
- Lot size (acres)
- 0.08
- Year built
- 1920
Utilities
- Heating
- Other, Forced Air, Electric
- Cooling
- Central Air
- Water
- Public Water
Taxes
- Tax Annual Amount (2025)
- $1,150.53
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: HIVE MLS (NC & GA) Includes Albemarle Area Assoc., Brunswick County Assoc., Cape Fear MLS, Crystal Coast MLS, Coastal Plains Assoc., Goldsboro Wayne County Assoc., Jacksonville Board, Johnston County Assoc., Neuse River Region Assoc., Mid Carolina Regional MLS, ORANGE CHATHAM Assoc., Rocky Mount Area Assoc., Topsail Island Assoc., Washington Beaufort County Board, Wilson Board, Savannah Multi-List Corp., Athens Area Assoc., Classic MLS and REALTORS® of Greater Augusta MLS®#: 100570339 Last checked: …
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