12 House Rental Portfolio

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30755110
Status: Pending
Number of Units: 12 Units
Building Size (RSF): 11,614 SF
Gross Building Area: See Agent
Gross Land Area: 75,196 SF
Sale Price: $1,439,000
Unit Price: $119,916.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Auction Type: Absolute
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 9/17/2021

Overview / Comments

Twelve(12) unit residential property portfolio located in Wilmington, NC. Currently a 100% occupied with an expected annual rental income of $136,476. The portfolios is made up of a mix of three (3) and two (2) bedroom single family homes. Properties have solid rental history.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R05410-008-006-000
Zoning: MIX OF RESIDENTIAL
Property Located Between: Multiple site
Highway Access: 421, Hwy 17, I-40
Airports: ILM
Site Description: Residential
Area Description: Residential and multi-family areas
Total Number of Buildings: 12
Property Condition: Fair
Number of Stories: 1
Exterior Description: Multiple exterior finishes: vinyl, brick veneer and wood.
Parking Type: Surface
Parking Description: driveway space and on-street parking
Sprinklers: None
Heat Type: Electricity
Heat Source: Other
Fuel: Electric
Air Conditioning: Other
Interior Description: Residential
Zoning Description: R-3 and R-5
Lot Frontage: Multiple site
Lot Depth: Multiple site
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Terra 7, 17 and 18 LLC
Legal Description: See attached portfolio documents

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,491 48,211 124,950
Median Age: 37.29 35.41 36.48
Households: 6,221 22,435 53,584

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