205 N 13th Street Duplex

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30582870
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 2 Units
Building Size (RSF): 2,667 SF
Gross Building Area: See Agent
Gross Land Area: 0.18 Acres
Sale Price: $307,000
Unit Price: $153,500 Per Unit
Property Use Type: Investment
Building Name: N 13th Street Duplex
Sale Terms: Cash to Seller, Purchase Money Mortgage, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/19/2020

Overview / Comments

This property is a great opportunity as and investment with the potential for an added accessory unit. The downstairs units consists of 1612 SF containing two bedrooms, one bath, living room, dining room, sun room and office. The upstairs units is 1055 SF and has two bedrooms, one bath, living room and dining room. Currently both units are leased and the monthly income is $2100($25,200 annual). This home sits on .18 of an acre. There have been many interior improvements made. You have on-street parking and a private access through the alley on the west side of the property. This property is conveniently located close to shopping, restaurant, downtown and so much more.

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Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R04818-005-012-000
Zoning: R-5
Property Located Between: Princess and Chestnut
Highway Access: I40
Site Description: Residential
Area Description: Established neighborhood close to downtown
Total Number of Buildings: 1
Property Condition: Average
Number of Stories: 2
Year Built: 1920
Year Renovated: 2015
Construction/Siding: Wood Frame
Exterior Description: Vinyl siding
Parking Type: Surface
Parking Description: Off of back alley and street front
Total Parking Spaces: 2
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: R-5
Lot Frontage: 55
Lot Depth: 150
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Rogan Cronin
Legal Description: SE 1/4 3 NE 4 WILM BLK 215

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,012 46,162 116,189
Median Age: 35.76 35.32 35.91
Households: 4,982 21,230 49,367

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