The Park Ave Twins! 5049 & 5053 Park Ave

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30793587
Status: Pending
Building Status: Under Construction
Number of Units: 2 Units
Building Size (RSF): 2,160 SF
Gross Building Area: 4,320 SF
Sale Price: $950,000
Unit Price: $475,000 Per Unit
Property Use Type: Investment, Vacant/Owner-User
Building Name: The Park Ave Twins
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 4/18/2022

Overview / Comments

New Construction ALERT!
2 SFH units with potential for 4 units+ based on approval from zoning and layout.

(2) Superior concrete wall construction single-family homes available in July 2022. Selling as a pair only. Mirror image floor plans. The first floor offers a large kitchen, 2 bedrooms, and a flex/office room. Upstairs has additional 3 bedrooms and flex living room with wet bar. Shared parking easement with neighboring new construction home. Property is available with builder-grade finishes but the option to upgrade to your heart's desire! Perfect investment situated between UNCW and Wrightsville Beach. This "could" be a single family home with an ADU under the same roof if approved by zoning, currently approved just as single family. Each house is approx 2160 sq ft.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R06108-003-001-000, R06108-003-002-000
Zoning: O&I - 1
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Year Built: 2022
Construction/Siding: Concrete
Parking Type: Surface
Parking Description: Shared parking easement between both homes.
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,849 68,054 148,637
Median Age: 33.98 35.76 37.24
Households: 4,288 28,942 63,890


Photograph of Listing Agent

Christian Cardamone

Keller Williams Realty NCCMLS Member
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