Active · Wilmington
1220 Queen Street
Wilmington, NC 28401
$1,250,000
$1,417 per sq ft- Bedrooms
- 2
- Bathrooms
- 1
- Square feet
- 882
- Year built
- 1920
Listing provided courtesy of RE/MAX Essential MLS# 100570339
A closer look
About this property
Five-property income portfolio in downtown Wilmington -- offered as a single transaction. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is.
Interior features
- SqFt
- 882
- Bedrooms
- 2
- Full bathrooms
- 1
- Half bathrooms
- 0
- Interior
- See Remarks
- Flooring
- Laminate, Wood
- Heating
- Other, Electric, Forced Air
- Cooling
- Central Air
- Levels
- One
Exterior & grounds
- Lot size (acres)
- 0.08
- Lot dimensions
- 33 x 100
- Foundation
- Crawl Space
- Views
- See Remarks
- Construction
- Wood Frame
- Roof
- Shingle
- Parking
- On Street
- Patio & porch
- Front Porch
- Fencing
- Partial
- Waterfront
- No
Community & association
- Community
- Dawson-Castle Street
- Homeowners association
- No
Utilities
- Utilities
- Water Connected
- Water source
- Public
Schools
- Elementary school
- Forest Hills
- Middle school
- Williston
- High school
- Hoggard
School assignments should be independently verified with the school district.
Property information
- Property type
- Residential
- Property subtype
- Single Family Residence
- Year built
- 1920
- New construction
- No
- MLS#
- 100570339
- County
- New Hanover
- Zoning
- R-5