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622 Steele Loop

Wilmington, NC 28411

$449,900

$144 per Sq.Ft.

  • Active
  • 5 beds
  • 3.5 baths
  • 3132 Sq. Ft.
  • Residential
  • Built in 2014
  • MLS #100451381
5 beds
3.5 baths
3132 Sq. Ft.
Residential
Built in 2014
MLS #100451381
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!


Interior Features

Total bedrooms
5 bedrooms
Full bathrooms
3 full bathrooms
Half bathrooms
1 half bathrooms
Kitchen appliances
Interior features
Master downstairs
Flooring
Carpet, tile, wood
Cooling
Attic fan, central air
Heating
Electric, forced air, propane


Exterior Features

Lot size
0.16 acres
Water front
No
Fencing
Wood
Exterior features
Vinyl siding
Roof
Shingle


HOA Information

HOA
Yes
HOA fees
$400.00
HOA phone
256-2021
HOA amenities
Maint - comm areas, street lights


Utilities

Utilities
Community water


Schools

Elementary school
Porters Neck
Middle school
Holly Shelter
High school
Laney


Other Information

Tax assessed value
$329,600.00
Tax amount
$1,722.16
Tax year
2023
Zoning
R-10


Listing provided courtesy of: Ivester Jackson Coastal LLC. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

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Located on the Southeastern tip of North Carolina and home to more than 100,000 residents, Wilmington is located between the Atlantic Ocean and the Cape Fear River. Wilmington is a charming and contemporary small city with abundant lifestyle options and a thriving business climate.

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