611 S 12th Street, Wilmington, NC 28401 (MLS# 100286667)
611 S 12th Street, Wilmington, NC 28401
$1,439,000
Property Type:
Comm Sale or Lease
Square Footage:
11,614
Lot Size (sq. ft.):
75,196
Status:
Closed
Current Price:
$1,439,000
List Date:
8/18/2021
Last Modified:
4/21/2022
Description
Twelve (12) unit residential property portfolio located in Wilmington, NC. Currently 100% occupied with an expected annual rental income of $136,476. The portfolio is made up of a mix of three (3) and two (2) bedroom single family homes. Properties have solid rental history.
More Information MLS# 100286667
Contract Info
Status: Closed
Delayed Marketing?: No
Marketing Start Date: 2021-08-18
Sub-Type: Multi Family
Space: Yes
Sale/Lease: Sale
Auction: No
Listing Price: 1439000
Current Price: $1,439,000
List Price/SqFt: 123.9
Stipulation of Sale: Standard
Location Information
Street #: 611
Pre Direction: S
Street Name: 12th
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.228318
Geo Lon: -77.932776
Remarks and Showing
Directions to Property: Multiple site, directions upon request and desired property location.
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 11614
Legal and Taxes
Tax Assessed Value: 669300
Total City Real Estate Property Tax: 7050
Deed Book: 6338
Deed Page: 128
Legal: See exhibit A for legal description-multi site
Broker Owner: No
PID: R05410-008-006-000
Tax Identifier: R05410-008-006-000
Total Real Estate Property Taxes: 7050
Special Assessments: none
Tax Year: 2020
Year Built: 1959
Zoning: R-5 and R-3
HOA: No
Cobra Zone: No
Status Change Info
Under Contract Date: 2021-09-03
Sold Price: $1,439,000
Sold Date: 2021-12-01
Current Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Financial Info
Financial Info: Yes
Gross Income: 136476
Property Features
Business Type: Other
HOA and Neigh Amenities: No Amenities
Attic: Access Only
Basement: None
Construction: See Remarks
Exterior Finish: See Remarks
Flooring: See Remarks
Foundation: Crawl Space
Fuel Tank: None
Green Bldg Features: None
Parking Features: Off Street; Paved; Shared Driveway; Unpaved
Roof: See Remarks
Lot Description: Other
Location: Residential
Lot Water Features: None
Cooling: Other
Heating: Other
Water Heater: See Remarks
Utilities: Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: 1031 Exchange; Cash; Conventional
Lease Types: See Remarks
Listing Office: Intracoastal Realty Corp
Last Updated: April - 21 - 2022
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