1002 S 4th St, Wilmington, NC 28401
- $450,000
- 4
- BD
- 3
- BA
- Sold Price
- $450,000
- List Price
- $450,000
- Status
- CLOSED
- MLS#
- 100451341
- Closing Date
- Aug 12, 2024
- Days on Market
- 2
- Year Built
- 1940
- Levels
- One
- Bedrooms
- 4
- Bathrooms
- 3
- Acres
- 0.06
- Neighborhood
- Downtown
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.
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Additional Information
- Interior Features
- Master Downstairs, High Ceilings
- Cooling
- Window/Wall
- Heating
- Other, Electric, Natural Gas
- Foundation
- Combination, Slab
- Roof
- Slate
- Lot Information
- Corner Lot
- Utilities
- Natural Gas Available, Sewer Available, Water Available, Sewer Connected, Water Available
- Water
- Public
- Elementary School
- Snipes
- Middle School
- Williston
- High School
- New Hanover
Mortgage Calculator
Listing courtesy of Aloha Wilmington Real Estate. Selling Office: Keller Williams Innovate-Wilmington.
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