Explore a unique investment opportunity in historic Wilmington mid-19th century properties. Nestled in the prime downtown district of one of the city's top 10 high-appreciating neighborhoods, these iconic buildings offer a blend of vintage charm and modern potential. This multifamily building is part of portfolio consisting of Mixed use Multifamily building as well listed separately promises a lucrative venture in a thriving location, combining history with strategic commercial opportunities. -Located in well-established neighborhoods within Downtown Wilmington - Close proximity to the lively Cape Fear River, attracting a steady flow of tourists -Convenient access to major business corridors, including Hwy 17 and Hwy 74 - Situated in the Historic Districts, offering a unique and historically rich investment opportunity -Corner lot property provides an opportunity for land redevelopment for alternative uses. 1-Unit in each Property is left vacant for Owner Occupancy or for potential Airbnb/Rentals. - Two properties in the portfolio comprising a total of 8 residential units and 2 commercial unit(combined into 1) PROPERTIES ARE SOLD TOGETHER see 317 Castle St listing for other property
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Interior Features
- Apartment/Suite
- Bathtub/Shower Combination
- Ceiling Fan(s)
- Granite Counters
- Laminate Counters
- Living/Dining Room Combination
- Flooring: Hardwood, Laminate
Appliances
- Dryer
- Electric Range
- Electric Water Heater
- Exhaust Fan
- Microwave
- Range
- Refrigerator
- Washer
- Washer/Dryer
- Washer/Dryer Stacked
- Laundry Features: In Kitchen
Heating and Cooling
- Cooling Features: Ceiling Fan(s), Central Air, Electric
- Fireplace Features: Decorative
- Heating Features: Electric, Forced Air, Separate Meters
- Heating: Yes
- Number of Fireplaces: 2
Exterior and Lot Features
- Patio And Porch Features: Deck
- Road Surface Type: Asphalt
Land Info
- Lot Description: City Lot
- Lot Size Acres: 0.37
- Lot Size Dimensions: see tax records
- Lot Size Square Feet: 15899
Garage and Parking
- Parking Features: On Street, Unassigned
School Information
- Elementary School: New Hanover County Schools
- High School: New Hanover County Schools
- Middle School: New Hanover County Schools
Multi-Unit Info
Homeowners Association
- Calculated Total Monthly Association Fees: 0
Rental Info
Other Property Info
- Annual Tax Amount: 4773
- Source Listing Status: Active
- County: New Hanover
- Tax Year: 2023
- Source Property Type: Residential Income
- Property Subtype: condo
- Source Neighborhood: Not in a Subdivision
- Owner Pays: Electricity, Insurance, Janitorial Service, Sewer, Taxes, Trash Collection, Water
- Parcel Number: R04820-005-005-000
- Postal City: Wilmington
- Postal Code Plus 4: 1259
- Subdivision: Not in a Subdivision
- Zoning: R 10
- Property Subtype: Apartment
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 4406
- Year Built: 1965
- Above Grade Finished Area: 4406
- Building Area Total: 4406
- Building Exterior Type: Vinyl Siding
- Construction Materials: Vinyl Siding
- Foundation Details: Brick/Mortar
- Levels: Two
- Property Age: 59
- Roof: Shingle
- Structure Type: Multi Family
- Architectural Style: A-Frame
Accessibility Features
- Accessibility Features: Accessible Bedroom, Accessible Closets, Accessible Common Area, Accessible Doors, Accessible Full Bath, Accessible Kitchen, Central Living Area
Utilities
- Gas: Electric, Forced Air, Separate Meters
- Sewer: Public Sewer
- Cable Available
- Electricity Connected
- Water Source: Public
Home Features
- Security Features: Carbon Monoxide Detector(s)
