5 House Rental Property Portfolio

Multi-Family for Sale
Also listed as Business Opportunity
Catylist Listing ID: 30173591
Number of Units: 5 Units
Building Size (RSF): 6,009 SF
Gross Land Area: 16,000 - 16,505 SF
Sale Price: $675,000
Unit Price: $135,000 Per Unit
Property Use Type: Investment
Building Name: Peoples Portfolio
Usable Size (USF): 6,009 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/20/2019

Overview / Comments

Five single family rental homes located:

836 Fanning Street 3 bed 2 bath
719 Campbell Street 3 bed 2 bath
720 Nun Street 5 bed 2 bath
719 S 6th Street 2 bed 2 bath
1302 S 4th Street 1b 1 loft 1 bath

100% occupied current rent potential $52,000 to $62,000 annually. Tenants pay all utilities and maintenance.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R04813-009-020-000, R04813-018-013-000, R05405-026-016-000, R05409-021-009-000, R05413-37-009-000
Zoning: R-3 AND R-5
Percent Occupied: 100%
Property Located Between: Downtown Area
Highway Access: Access to 74/76 and I 40
Airports: ILM
Site Description: Multiple site single family homes
Area Description: Residential neighborhoods in a R-3 and R-5 zoning
Total Number of Buildings: 5
Property Condition: Good
Number of Stories: 2
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Mix of wood and brick
Parking Type: Surface
Parking Description: Various parking arrangements. All have access to street parking
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central, Wall Units
Air Conditioning: Package Unit, Window Unit
Internet Access: Cable, Satellite
Interior Description: Residential floor plan
Zoning Description: R-3 and R-5 residential zoning
Lot Frontage: varies
Lot Depth: varies
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Malvenia Peoles
Legal Description: Part Lot 1, Block 269, City of Wilmington LT Part of Lt 5, Block 252, City of Wilmington LT PT Lots 1&2, City of Wilmington BLK 64, PT Lots 5 & 6 City of Wilmington LT PT 1 Blk 556, City of Wilmington

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,578 41,453 122,911
Median Age: 35.65 35.87 36.67
Households: 5,645 19,143 52,833


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