Sunset Park Duplex 2029 / 2031 Monroe Street

Multi-Family for Sale
Catylist Listing ID: 30775586
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 2 Units
Building Size (RSF): 2,307 SF
Sale Price: $289,500
Unit Price: $144,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/25/2021

Overview / Comments

Investor ALERT!!! Income-producing 2 unit home with 2 car garage and additional storage building! This single-family home was converted to a duplex many moons ago with a 3 bedroom unit downstairs and a small 2 bedroom unit up. Tenants have been in the property for the last 5 years and would LOVE to stay but are on ''month to month'' leases for immediate landlord upside. The property is in need of some deferred maintenance but was renovated in 2016 with updated kitchens and HVAC. Please do not disturb tenants, all appointments must be confirmed with the listing agent 24-hour advance notice. New land-use code starting Dec 1 may allow the addition of 2 more units on the property, buyer to verify. Possible to convert the garage to an Airbnb or cottage.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R06009-017-020-000
Zoning: R-7
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1940
Year Renovated: 2015
Construction/Siding: Other
Parking Description: Off Street
Air Conditioning: Other
Zoning Description: non conforming, allowable use in the NEW land code coming Dec 1
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOTS 22-23 BLK 16 SUNSET PARK (MB70-107)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,924 49,850 119,300
Median Age: 43.51 38.04 36.52
Households: 3,018 23,477 51,678


Photograph of Listing Agent

Christian Cardamone

Keller Williams Realty NCCMLS Member
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