S 19th and Church St. Two Property Portfolio

Multi-Family for Sale
Catylist Listing ID: 30458319
Number of Units: 2 Units
Building Size (RSF): 2,242 SF
Gross Building Area: 2,825 SF
Gross Land Area: 8,163 SF
Sale Price: $277,000
Unit Price: $138,500 Per Unit
Property Use Type: Investment
Building Name: S 19th and Church
Usable Size (USF): 2,242 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/13/2019

Overview / Comments

Two single family rental homes being marketed together:

701 S 19th Street R04813-008-016-000 3bed/2bath $850/month $10,200 Annual
1315 Church Street R05406-033-015-000 2bed/1bath $750/month $9000 Annual
All tenants paid utilities and are responsible for lawn maintenance.

Both homes are located in growing ares in the south-side of Wilmington. Both properties was leased under market rents and have great investment potential. Both would can be sold separately. They are also being marketed in a 9 unit Portfolio package.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County and City of Wilmington
Tax ID/APN: R05411-008-016-000
Zoning: R-5
Percent Occupied: 100%
Property Located Between: vary
Highway Access: Hwy 17, 74/76/ I 40
Airports: ILM
Site Description: urban single family and community business areas
Area Description: Southside of town.
Property Condition: Average
Number of Stories: 1
Year Built: 1956
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Single family home in neighborhood of mature trees
Parking Type: Surface
Parking Description: Street and some off street
Total Parking Spaces: 2
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central, Wall Units
Fuel: Gas, Electric
Air Conditioning: Engineered System, Window Unit
Interior Description: Single family floor plan
Zoning Description: S 19th is R-5 and Church is R-3
Lot Frontage: vary
Lot Depth: vary
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: TJ Real Estate Holdings, LLC
Legal Description: See Attached report

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,291 59,578 129,711
Median Age: 36.92 35.3 36.39
Households: 6,283 28,127 55,743

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