1002 S 4th Street, Wilmington, NC 28401

$450,000
4
BD
3
BA
List Price
$450,000
Status
PENDING WITH SHOWINGS
MLS#
100451341
Days on Market
30
Year Built
1940
Levels
Ground, One
Bedrooms
4
Bathrooms
3
Acres
0.06
Neighborhood
Downtown
Stipulations
None

Property Description

Prime Investment Opportunity in Historic Downtown Wilmington! Attention Investors! Don't miss this exceptional triplex located at 1002 S 4th St in the heart of Historic Downtown Wilmington. This property is fortified with a solid brick exterior and sits prominently on a corner lot, offering excellent curb appeal and long-term stability. The triplex includes two 1-bedroom, 1-bathroom units and one 2-bedroom unit, making it a versatile addition to your rental portfolio. Each unit is easy to rent, ensuring a stable and consistent income stream. With three power meters and a single water meter, utility management is straightforward and efficient.Situated in the desirable south side of Wilmington, this property is perfectly positioned for growth. The excellent location provides plenty of upside for upgrades and rent increases as turnovers occur, allowing you to maximize your return on investment. The area is known for its strong rental demand, ensuring you can keep units occupied with ease.This triplex is not only a stable investment but also an opportunity to add significant value through strategic improvements. Whether you choose to renovate and modernize the units or simply enjoy the steady cash flow, 1002 S 4th St offers immense potential.Seize this rare chance to invest in a prime property in a historic and thriving part of Wilmington.

Additional Information

Interior Features
Master Downstairs, 9Ft+ Ceilings
Cooling
Wall/Window Unit(s)
Heating
Other-See Remarks, Electric, Natural Gas
Foundation
Combination, Slab
Roof
Slate
Exterior Finish
Brick, Stone
Lot Information
Corner Lot
Utilities
Water Connected, Sewer Connected, Natural Gas Connected
Water
Municipal Water
Sewer
Municipal Sewer

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 Keller Williams Innovate-Wilmington.

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