808 N 5th Avenue

Not In Subdivision Wilmington 28401 Active

$829,000

Listing Description

Great 2-unit building with very strong Annual Income of $68,000 w./ greater potential income...In an amazing location...Great opportunity for strong passive income... Many opportunities such as: rent unit# 1 & use unit# 2 as your posh downtown crash pad. Or rent both units... Built to be a very LOW maintenance property; with lots of off-street parking in an amazing location! Walking distance to everything! Walk to all amenities downtown including: Live Oak Amphitheater, Social District on N 4th St, Riverwalk, CFCC, all the thriving restaurants, breweries & other exciting amenities downtown. The amazing location is very beneficial w/ Airbnb rentals...Unit 1 is already a nice Airbnb & Unit 2 has easy/ great tenants! This isa TURNKEY PROPERTY!! Furnishings can come with sale. Great property, especially when compared to other multi-family & condos that are selling downtown. Get 2 units that are low maintenance in outstanding location & has lots off street parking, at a much better price !! ( as compared to others that are selling ) A big plus is: FHA allows rent from Unit2 to be used as INCOME to help w/ mortgage approval. Income potential is based on past income. Designed & built as a modern 2-unit building, the units offer all the modern features like open floor plans & master suites w/ bathrooms. Unlike many of homes downtown that are a 100 years old, & have many ''old house'' issues....This one was built to modern building codes & standards. This is NOT like other homes downtown that were single-family homes that were ''cut up'' & ''converted'' into 2 awkward units....Can build detached garage. Other highlights: big CHARLESTON-STYLE PORCH, hardwoods, no carpet, open floor plan, amazing upper porch looks down beautifully tree-lined 5th Ave &huge backyard!.. Rare opportunity to own 2-unit building in awesome location Existing rent can help w/ financing. Turnkey with strong rents & ready to go. Very easy to show!! ...Come see it today...Call for more info.