621 N 11th Street Wilmington, NC ^$ 4,499,800

621 N 11th Street

^$ 4,499,800

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621 N 11th Street

Wilmington, NC, 28401

^$ 4,499,800

Studio Baths0.0

Monthly Estimate*

^$ 29,907

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Studio

Commercial Property for sale in Wilmington, NC

for $4,499,800. This building was built in 1948.

20 door portfolio consisting 14, 3 bedrooms. and 6, 2 bedrooms. Currently has a rental income amount of $332,928. All rents are currently below market value by a large amount. Fair market value with approved government funded numbers ready for rent increases puts the pro forma at a rental income amount of $482,400. All utilities are in the tenants name. Reach out and we can provide you with rent roll, and approved s8 government funded worksheet.

Commercial Active

Price

^$ 4,499,800

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 753

Style

Year Built

1948

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100427097

Features

General

Possession Subject To Tenant Rights

current use Multi-Family

Zoning R-3

New Construction No

Subdivision Not In Subdivision

County New Hanover

Stipulation of Sale None

Property Type G

Terms 1031 Exchange Cash Conventional

Tax Year 2023

Status Active

Lot Sqft 0.00

Days on Market 109

City Limits Yes

Year Built 1948

City Wilmington

Location Type Mainland

Street Name 11th

Exterior

Lot Dimensions irregular

Lot Acres 0.00

Lot Water Feature None

* Excluded Features

List By

The Domenico Grillo Real Estate Team

Listing Agent

Keller Williams Innovate-Wilmington

Broker

domenicogrillorealestate@gmail.com

Affordability Calculator

$29,970

Per Month

Monthly Principal & Interest: $29,907
Monthly Property Taxes: $63
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Wilmington, NC

Average List Price ^$814,045

Percent of Sale Price 82%

About Wilmington, NC

122,120 Population

35% Since 2002

^$47,464 Median Income

36.47 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3960720 Elementary School

3960847 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/27/2024	$4,499,800	-10.00%	Price Down
2/12/2024	$4,999,900		Listed Price

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621 N 11th Street, Wilmington, NC, 28401 is a Commercial Property for sale at $4,499,800. 621 N 11th Street is a studio with 0.0 baths and was built in 1948. The property's zip code is 28401 which is in Wilmington, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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621 N 11th Street

Commercial Property for sale in Wilmington, NC

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