Sold
Closed
370 S Kerr Avenue, Unit 105
Wilmington NC, 28403
$2,300,000
$191.67 per sqft
Sold
Closed
12,000 sqft
Commercial
Built in 2007
Package of ten condos in a great community in PRIME location of Wilmington, North Carolina. Each unit has 3 beds/3 baths and is located less than a mile to the UNCW campus. Within a mile to plenty of shopping and less than 5 mins to the beach! Spacious bedrooms all with their own private bathrooms and walk-in closets. Ideal as investment properties. All properties currently below market value. How dues are 2400/year for each unit. Property taxes are close to 20k in total. Each property should be able to rent for 2100-2200. 4 units recently vacant and have been turned and ready for rent to be increased. NOI with pro forma is roughly 225k annually. Reach out for more information!
370 S. Kerr Ave. Unit 105 Wilmington, NC 28403 ((tenant occupied until 4/2024) 370 S. Kerr Ave. Unit 106 Wilmington, NC 28403 370 S. Kerr Ave. unit 103 Wilmington, NC 28403 (no washer/dryer) 370 S. Kerr Ave. unit 104 Wilmington, NC 28403 (tenant occupied until 10/14/2023, $1,800) 370 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 11/11/2023, $1,745) 376 S. Kerr Ave. unit 302 Wilmington, NC 28403 (fresh paint for entire unit) 376 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 2/15/2024, $1,575) 376 S. Kerr Ave. unit 305 Wilmington, NC 28403 376 S. Kerr Ave. unit 101 Wilmington, NC 28403 (fresh paint for entire unit, no washer/dryer) 376 S. Kerr Ave. unit 102 Wilmington, NC 28403 We have a total of 10 units in this complex for sale. Possibly more in the future as a package!
100411313
MLSⓇ ID
October 24, 2023
Listed
December 17, 2024
Updated
Map
370 S Kerr Avenue, Unit 105
Wilmington NC, 28403
Interior Features
Floor Description
Carpet
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Other Property Details
Days on Market
351
Association Fee
$2,400
Association Fee Frequency
Yearly
Garage
No
View
No
County
New Hanover
Pool
No
Zoning
RES
Listing History
Date | Event | Price |
|---|---|---|
12/17/2024 | Sold | $2,300,000 |
10/9/2024 | Pending | — |
Courtesy of Keller Williams Innovate-Wilmington with The Domenico Grillo Real Estate Team,
Listing Contact: 910-508-7387
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Data last updated 3:42 PM UTC, 12/17/2024
