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106 N Water Street 907

Wilmington, NC 28401

$399,000

$682 per Sq.Ft.

  • Active
  • 1 beds
  • 1 baths
  • 585 Sq. Ft.
  • Residential
  • Built in 2000
  • MLS #100533151
1 beds
1 baths
585 Sq. Ft.
Residential
Built in 2000
MLS #100533151
TOP-FLOOR, turnkey investment opportunity in one of downtown Wilmington's premier riverfront condo buildings. Unit 907 is a fully furnished 1BR/1BA with 585 sq. ft., large enclosed balcony, and unobstructed Cape Fear River views. The property boasts an outstanding rental history (over $35K gross rental income in 2024) with proven demand across short-, medium-, and long-term stays. Key upgrades include a remodeled kitchen and bath plus a new HVAC installed in May 2024. Unlike many comparable units, this condo features a full kitchen, making it attractive to extended-stay tenants such as traveling professionals. HOA permits short-term rentals, a rare distinction in the Historic District, broadening income potential. Property is offered fully furnished and stocked, allowing for immediate income generation. Located on the 9th floor, residents enjoy quiet separation from downtown street activity and some of the best sunset views in Wilmington. Strong guest reviews consistently highlight comfort, views, and location. Ideal for investors seeking a proven, flexible income stream, or for buyers wanting a second home with offsetting rental revenue. Contact listing agent for showing instructions, as unit is frequently occupied.


Interior Features

Total bedrooms
1 bedrooms
Full bathrooms
1 full bathrooms
Half bathrooms
0 half bathrooms
Kitchen appliances
Electric oven, built-in microwave, washer, refrigerator, dryer
Interior features
High ceilings, kitchen island, elevator, ceiling fan(s), furnished
Flooring
Lvt/lvp
Cooling
Heating
Heat pump, electric


Exterior Features

Water front
No
Water features
None
Fencing
None
Exterior features
Concrete, brick, brick veneer
Roof
Flat


HOA Information

HOA
Yes
HOA fees
$4,800.00
HOA amenities
Roof maintenance, elevator(s), flood insurance, maint - comm areas, maint - grounds, maintenance structure, management, master insure, pest control, sewer, sidewalk, termite bond, trash, water


Utilities

Utilities
Sewer connected, water connected


Schools

Elementary school
Snipes
Middle school
Williston
High school
New Hanover


Other Information

Tax assessed value
$382,700.00
Tax amount
$2,443.55
Tax year
2025
Zoning
CBD


Listing provided courtesy of: Intracoastal Realty Corporation. 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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About Wilmington

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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Market trends

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