Wilmington Investment Portfolio - Opportunity Zone

Multi-Family for Sale
Catylist Listing ID: 30801165
Number of Units: 7 Units
Building Size (RSF): 5,956 SF
Gross Building Area: See Agent
Sale Price: $1,495,000
Unit Price: $213,571.43 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 5.0%
Last Updated: 5/21/2022

Overview / Comments

PORTFOLIO SALE: Asking $1,495,000 for all 7 units. Wilmington portfolio of seven single family homes being sold all together. All units are downtown Wilmington. Six of the units are in an Opportunity Zone and are adjacent to one another offering logistical ease of management (3 on 8th and 3 on Solomon). The other home is on 13th Street.

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Financials

Finance Data Year 2022
Potential Rental Income $9,250 (Annual)
Gross Operating Income $5,850 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05409-022-022-000, R05409-022-036-000, R05515-003-003-011, R05409-022-020-000, R05409-022-021-000, R05410-009-006-000
Zoning: RESIDENTIAL
Percent Occupied: 100%
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Multiple Units

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,246 46,142 121,304
Median Age: 36.05 36.03 36.28
Households: 5,567 21,107 52,313

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