208 N 12th Street

Estimated Monthly Payment: $63,183/mo 208 N 12th Street, Wilmington, NC 28401 MLS# 100255884 Commercial Listing Status: Active
89,246 sqft
172
163
0
12

REMARKS:

Rare residential-rental investment opportunity available in Wilmington, North Carolina. Terra Property Portfolio is set up in 24 separate LLCs. The sale will include each LLC, Terra Property Holdings, LLC and the individual properties. There are Eighty-two (82) properties consisting of Ninety-two (92) rental units available within close proximately to downtown Wilmington. The portfolio consists of a combination of single-family homes, Duplex, Triplexes and Quadplexes. Properties are in close proximity of one another and most have access to public transportation. Many of the homes are of historic nature and are within established neighborhoods. The current owner oversees all the management of all Ninety-two (92) rental units. They have established a management and marketing program for the properties that can carry over to the new owner. The current owner utilizes a number of rent assistance programs and has many market-based tenants. The Wilmington rental market is very active and the demand for rental housing is extreme. The current owner continues to see the value of the portfolio but has other opportunities that have opened up this great opportunity for another investor. The current owner is happy to work with the new owner for a smooth ownership transition. The income, the improvements, and the growth potential make this a great investment.

OVERVIEW:

Commercial
Active
Not In Subdivision
1930
89246
8.85
See Remarks
See Others
Other-See Remarks
See Remarks
None

FEATURES:

See Remarks
See Remarks

FINANCIAL:

$12,850,000
$55,014
2020

 

Courtesy of Intracoastal Realty Corp

 

Copyright 2021 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. 

 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Mariner Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

 

©2021 North Carolina Regional MLS. All rights reserved.