Historic Wooster House - Multi-family Income Producing Rental 9 Plex

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30779693
Status: Pending/Contingent
Number of Units: 9 Units
Building Size (RSF): 6,818 SF
Gross Building Area: See Agent
Gross Land Area: 8,015 SF
Sale Price: $1,250,000
Unit Price: $138,888.89 Per Unit
Property Use Type: Investment, Business
Usable Size (USF): 6,818 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 66
Last Updated: 1/16/2022

Overview / Comments

Own a piece of History. John Wooster House. Multi-Family Property. Home. Circa 1845. This home is an income producing rental property with nine (9) separate units. National Registry of Historic Places. Being Sold, "As is, Where is".
(8) One bedroom, one bath units. (1) Studio unit.

Details;

Greek Revival style house built by John Wooster (1791-1869), native of Connecticut, dry goods merchant with Wooster, Anderson and Company; and wife, Lucy A. Wright (1801-1864). Inherited by son, Capt. John L. Wooster (1831-1885), attorney, Confederate veteran and librarian for the Wilmington Library Association. In 1913, the porch and entrance to the residence were moved from Dock Street to Third Street. Copyright. Courtesy of New Hanover County Public Library

Financials

Finance Data Year 2021
Potential Rental Income $110,000 (Annual)
Gross Operating Income $93,000 (Annual)
Net Operating Income $52,000 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04817034008001
Zoning: HD - CBD
Percent Occupied: 66%
Property Located Between: Corner of Dock Street and 20 S 3rd. Street - DOWNTOWN
Airports: ILM
Site Description: Historic Home - Multi-family
Area Description: Historic District
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1845
Roof Type: Arched
Construction/Siding: Brick, Wood Frame, Wood Siding
Exterior Description: Brick and Wood Siding
Parking Type: Other
Parking Description: Street only. Public/Metered
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Radiant
Fuel: Gas
Air Conditioning: Other
Internet Access: Cable
Interior Description: Apartments
Zoning Description: HD
Lot Frontage: 80
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Legal Description: E 1/3 5 PT 4 BLK 153

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,591 40,353 111,724
Median Age: 36.07 36.3 36.35
Households: 3,914 18,467 48,452
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