Emory and N 30th Three Property Portfolio

Multi-Family for Sale
Catylist Listing ID: 30458325
Property Subtypes: Mixed Use
Number of Units: 3 Units
Building Size (RSF): 3,493 SF
Gross Building Area: 3,492 SF
Gross Land Area: 24,062 SF
Sale Price: $280,000
Unit Price: $93,333.33 Per Unit
Property Use Type: Investment
Building Name: Emory and N 30th
Usable Size (USF): 3,492 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/13/2019

Overview / Comments

Three single family rental properties being sold together:
1102 Emory St R04909-001-003-000 3bed/1bath $700/mo $8400 Annual
1103 Emory St R04909-001-003-000 3bed/1bath $900/mo $10200 Annual
1111 N 30th St R04905-003-008-000 3bed/1bath $900/mo $10800 Annual
All tenants are on month to month leases. They are responsible for all utilities and yard maintenance. Rents are well below market rent for this area. There is much potential improvement in rental income.

These properties are also available in a 9 property 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: 30th and Emory
Highway Access: HWY 17, MLK to I40, 74/76
Airports: ILM
Site Description: residential area with high property density.
Area Description: Urban areas. Mix of single family homes and apartments
Total Number of Buildings: 3
Property Condition: Fair
Number of Stories: 1
Year Built: 1971
Year Renovated: 2004
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Vinyl siding
Parking Type: Other
Parking Description: off street and on street parking available
Total Parking Spaces: 6
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System, Window Unit
Interior Description: Residential layout
Zoning Description: R-5
Lot Frontage: vary
Lot Depth: vary
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: TJ Real Estate Holdings, LLC
Legal Description: See attached document

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,450 60,937 121,652
Median Age: 31.85 32.64 35.75
Households: 2,754 26,116 51,895


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