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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