533 Manly Avenue, Wilmington, NC 28405 (MLS# 100328843)
533 Manly Avenue, Wilmington, NC 28405
$2,000,000
Property Type:
Comm Sale or Lease
Square Footage:
960
Lot Size (sq. ft.):
6,273
Status:
Closed
Current Price:
$2,000,000
List Date:
5/19/2022
Last Modified:
8/10/2022
Description
his is a 12 property single family portfolio throughout downtown Wilmington. Currently the total rents for 12 properties brings in a total of $200,400 a year and these rents can be increased. Great business plan to rent as is for a couple of years with a great return and then slowly make updates to the properties as they get more desirable and as more homes around them continue to be flipped increasing the value. At that time you can decide to sell or raise rents or flip the properties one by one depending on your investment goal. Most of the properties are on guarantee rent programs and is a direct deposit each month for easy management. Rent roll and additional information is in the document section. We can also provide any other information needed. The address consist of 1205 Queen, 1309 Glenn, 1315 Castle, 611 N 12th, 1102 Emory, 1111 N 30th, 2803 Spaulding, 514 Maides, 526 Manly, 533 Manly, 545 Manly.
More Information MLS# 100328843
Contract Info
Status: Closed
Delayed Marketing?: No
Marketing Start Date: 2022-05-19
Sub-Type: Multi Family
Auction: No
Listing Price: 2064000
Current Price: $2,000,000
List Price/SqFt: 2150
Stipulation of Sale: Standard
Location Information
Street #: 533
Street Name: Manly
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28405
City Limits: Yes
Marketing City: Wilmington
Subdivision: Ridgecrest
Secondary Subdivision: N/A
Geo Lat: 34.247347
Geo Lon: -77.901127
Remarks and Showing
Directions to Property: From Market St W to Right on Princess Place to Right on Manly - property on left just before Maides Park
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 960
Legal and Taxes
Tax Assessed Value: 112400
Legal: LOT 10 RIDGECREST
Broker Owner: No
PID: R04909003029000
Tax Identifier: R04909-003-029-000
Total Real Estate Property Taxes: 961.92
Special Assessments: NONE
Tax Year: 2021
Year Built: 1997
Zoning: R-5
HOA: No
Cobra Zone: No
Status Change Info
Under Contract Date: 2022-06-27
Sold Price: $2,000,000
Sold Date: 2022-08-09
Property Features
Heating System Fuel Source: See Remarks
Listing Office: Keller Williams Innovate-Wilmington
Last Updated: August - 10 - 2022
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