370 S Kerr AVE #Unit 105 Pending Save Request In-Person Tour Request Virtual Tour
Wilmington,NC 28403
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $179
Subdivision Kerr Crossing
MLS Listing ID 100411313
HOA Fees $2,400
HOA Y/N Yes
Originating Board North Carolina Regional MLS
Year Built 2007
Property Description
Package of ten condos in a great community in PRIME location of Wilmington, North Carolina. Each unit has 3 beds/3 baths and is located less than a mile to the UNCW campus. Within a mile to plenty of shopping and less than 5 mins to the beach! Spacious bedrooms all with their own private bathrooms and walk-in closets. Ideal as investment properties. All properties currently below market value. How dues are 2400/year for each unit. Property taxes are close to 20k in total. Each property should be able to rent for 2100-2200. 4 units recently vacant and have been turned and ready for rent to be increased. NOI with pro forma is roughly 225k annually. Reach out for more information!
370 S. Kerr Ave. Unit 105 Wilmington, NC 28403 ((tenant occupied until 4/2024) 370 S. Kerr Ave. Unit 106 Wilmington, NC 28403 370 S. Kerr Ave. unit 103 Wilmington, NC 28403 (no washer/dryer) 370 S. Kerr Ave. unit 104 Wilmington, NC 28403 (tenant occupied until 10/14/2023, $1,800) 370 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 11/11/2023, $1,745) 376 S. Kerr Ave. unit 302 Wilmington, NC 28403 (fresh paint for entire unit) 376 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 2/15/2024, $1,575) 376 S. Kerr Ave. unit 305 Wilmington, NC 28403 376 S. Kerr Ave. unit 101 Wilmington, NC 28403 (fresh paint for entire unit, no washer/dryer) 376 S. Kerr Ave. unit 102 Wilmington, NC 28403 We have a total of 10 units in this complex for sale. Possibly more in the future as a package!
Location
State NC
County New Hanover
Community Kerr Crossing
Zoning RES
Direction College to Randall Parkway, turn left at stoplight onto Kerr Ave, immediately turn right into Kerr Crossing Parking lot (corner of Randall & Kerr)
Interior
Heating Electric
Flooring Carpet
Building
New Construction No
Others
Tax ID R05507-001-011-005
Special Listing Condition None