460 Racine Drive, Wilmington, NC 28403

$725,000
4,370
SqFt
List Price
$725,000
Status
ACTIVE
MLS#
100373565
Days on Market
17
Year Built
1984
Half-baths
10
Living Area
4,370
Acres
0.10
Neighborhood
Campus Edge
Stipulations
None

Property Description

Rare opportunity to own 10 tenant capacity investment units in multifamily Development. The portfolio consists of 5 double units. Each unit has two studio style spaces with two bathrooms. There is a common shared kitchen for each double unit. Annual rents for 2022 were $68,940 and projected rents for 2023 are $73,860. Close to UNCW, Business, Employment, Restaurants, Shopping, Downtown Wilmington and the Beach.

Additional Information

Occupancy %
100.00
Taxes
$2,809
HOA (annual)
$11,077
Available Amenities
Laundry Facility, Maint - Grounds, Pest Control, Pool - Outdoor, Trash Removal
Cooling
Central
Heating
Forced Air
Floors
Carpet, Vinyl
Foundation
Slab
Roof
Flat
Exterior Finish
Stucco
Lot Information
See Remarks
Lot Water Features
None
Sewer
Electricity Connected, Municipal Sewer, Municipal Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Intracoastal Realty Corp.

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