622 Steele Loop, Wilmington, NC 28411

$449,900
5
BD
4
BA
3,132
SqFt
List Price
$449,900
Status
ACTIVE
MLS#
100451381
Days on Market
30
Year Built
2014
Levels
Two
Bedrooms
5
Bathrooms
4
Half-baths
1
Full-baths
3
Living Area
3,132
Acres
0.16
Neighborhood
Reserve At West Bay
Stipulations
None

Property Description

Discover a lucrative opportunity at 622 Steele Loop, where investment meets comfort in this spacious 5-bedroom home ideally positioned just moments from Wrightsville Beach. Currently leased until July 2025, this property generates a robust $3,347.5 per month in rental income, making it a compelling choice for investors seeking immediate cash flow. This meticulously maintained home features an owner's suite on the first floor, offering convenience and privacy. The aggressive pricing reflects the commitment to honoring the current lease, with a projected cap rate of 7%. Located near Wrightsville Beach, this property not only ensures a steady rental income but also a great opportunity for long-term appreciation. Imagine the allure for tenants seeking proximity to sandy shores and coastal charm. Seize this rare opportunity to add a profitable rental property to your portfolio. Whether you're expanding your investments or entering the rental market, 622 Steele Loop represents a smart choice with its strategic location and reliable income stream. Schedule your showing today and explore the possibilities of owning this exceptional investment property. Don't delay - opportunities like this don't stay on the market for long!

Additional Information

Taxes
$1,722
HOA (annual)
$400
Available Amenities
Maint - Comm Areas, Street Lights
Interior Features
Master Downstairs
Cooling
Attic Fan, Central Air
Heating
Electric, Forced Air, Propane
Floors
Carpet, Tile, Wood
Foundation
Slab
Roof
Shingle
Exterior Finish
Vinyl Siding
Exterior Features
Gas Logs
Utilities
Community Water
Sewer
Community Sewer
Elementary School
Porters Neck
Middle School
Holly Shelter
High School
Laney

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 Ivester Jackson Coastal Llc.

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