2110 Creecy Avenue

Multi-Family for Sale
Catylist Listing ID: 30255483
Property Subtypes: Duplex/Fourplex
Building Status: Proposed
Number of Units: 3 Units
Building Size (RSF): 1,999 SF
Gross Building Area: See Agent
Sale Price: $265,000
Unit Price: $88,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2018

Overview / Comments

Excellent investment opportunity in desirable Carolina Place! This three- unit property generates $2,420 in monthly income. Charming front bungalow has spacious kitchen, 2 bedrooms, one bath, separate dining room and cute porch. There is an attached studio apartment with it's own access that is rented separately. Detached apartment behind the house also has large kitchen, 2 bedrooms and 1.5 baths. All of this on a lovely tree-lined street within walking distance to parks, coffee shops and convenient to downtown and central Wilmington. Main house gets $975 rent with $40 toward utilities to offset Studio Lease. Lease in place until 1/31/19 Studio gets $550 rent + $40 toward utilities. Month to month lease but tenant would like long term lease. Cottage in back gets $895 rent. Lease in place until 3/31/19. Front house and back cottage are on separate electric meters.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05407-009-014-000
Zoning: R-5
Percent Occupied: 100%
Total Number of Buildings: 2
Property Condition: Good
Construction/Siding: Vinyl Siding
Legal Description: LTS 19 & 20 BLK 13 CAROLINA PLACE

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,106 56,853 130,828
Median Age: 36.2 34.53 36.45
Households: 5,249 26,848 56,654

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