Great property with income potential

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30662833
Status: Pending
Building Status: Proposed
Number of Units: 2 Units
Building Size (RSF): 2,262 SF
Gross Building Area: See Agent
Sale Price: $379,900
Unit Price: $189,950 Per Unit
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/13/2020

Overview / Comments

Really great property with income potential or in-law home right in your backyard! This home on over a half acre with no HOA dues or rules in a great school district. Main home features 3 bedrooms, an office and 2.5 bathrooms including one with a medical tub/shower hooked up to a tankless gas water heater. Home also has an addition off the master with soaring wood-lined ceilings, full lap pool/hot tub, steam shower and half bathroom. Note the square footage and rooms /garage descriptions in MLS includes the 1672 sq ft main house and the 590 sq ft cottage (both with a 1 car garage attached), but does not include the heated and cooled 266 sq ft ''man cave'' shed. Property is really good shape but is being sold as is. The house and the cottage both have one car attached garages and there is also a shed and a big ''man cave/she shed'' that is heated and cooled with a mini split! Centrally located on Pine Grove but front yard is lined with tall trees for privacy from the street. Fenced in patio area has gas grills and fire pit with separate underground propane tank. Main home has an enormous kitchen area with a huge custom pantry, dining area opens to the living room with vaulted ceiling. Perfect for anyone with ailments, disabilities or to just relax. Home is equipped with smarthome security system with cameras as well as 24-hour recording. The seller is moving closer to her daughter currently is working with excessive furnishings and one bedroom serves as a gigantic closet! Please look past the ''stuff'' to see this amazing opportunity! They have combined several homes and are working on condensing. Back cottage has 1 bedroom, 1 bathroom and a 1 car garage. It is vacant but could easily be an excellent income property. Home includes one refrigerator; cottage includes refrigerator and stackable washer dryer. Motivated seller. Make an offer!

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R06217-002-011-000
Zoning: R-15
Parking Type: Surface
Heat Source: Heat Pump
Fuel: Propane
Air Conditioning: Engineered System
Water Service: Municipal
Legal Description: PT 3 FLORENCE MONTFORD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,422 65,102 138,352
Median Age: 42.88 37.05 37.31
Households: 3,316 28,061 59,765


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