271 and 273 N Front Street Condos-STR

Multi-Family for Sale
Catylist Listing ID: 30778835
Number of Units: 2 Units
Building Size (RSF): 2,355 SF
Gross Building Area: See Agent
Sale Price: $879,000
Unit Price: $439,500 Per Unit
Property Use Type: Investment, Business
Building Name: Shrier Building
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/18/2022

Overview / Comments

Two short term rental income producing condos located in the heart of the Central Business District of Downtown Wilmington. Both units are located on the 2nd level of the Shrier Building. Access is though a private entrance and stairway.

271 North Front Apartment C is 1170 square feet and consist of 2 bedrooms and Two Bathrooms. A truly unique property, enter through an elegant glass front door and allow this 1890's condo to charm you! 12 foot ceilings finished with freshly painted crown molding, beautiful original hardwood floors, gas log fireplace surrounded by built-in cabinets. The open living space boasts a step up kitchen, a breakfast bar and a separate dining space. The living room lets out to a balcony overlooking Front Street. The spacious master bedroom with a private bath, a walk-in closet and a sauna. The second bedroom also has its own full bath.

273 North Front Apartment C is 1185 Square feet and has two bedrooms and two full baths. This unit was recently renovated and the kitchen updated. The open living space boasts a step up kitchen, a breakfast bar and a separate dining space. The living room lets out to a balcony overlooking Front Street.

All furnishing and appliances will convey. These two units are on a very successful short term rental program.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R04720-007-022-003 and R04720-007-022-006
Zoning: CBD
Property Located Between: Chestnut and Grace
Highway Access: Hwy 421, 74/76, Hwy 17 and I-40
Airports: ILM
Site Description: Residential Condos located in central business district
Area Description: Downtown Central Business District.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1890
Year Renovated: 2019
Construction/Siding: Brick
Exterior Description: Painted Brick exterior. First level is retail and second level is residential
Parking Type: Other
Parking Description: On street or city/county parking decks available
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Fully furnishes for short term residential use
Zoning Description: Central Business District
Lot Frontage: 33
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Jonathan F Weinbach
Legal Description: Unit 273 C Shrier Building Condominium Unit 271 C Shrier Building Condominium

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,437 34,493 101,521
Median Age: 35.43 38.65 35.87
Households: 3,840 15,617 43,659


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