407 Red Cross ST Wilmington, NC 28401
6 Beds
4 Baths
3,301 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,301 sqft
Price per Sqft $210
Subdivision Historic District
MLS Listing ID 100563459
Style Wood Frame
Bedrooms 6
HOA Y/N No
Year Built 1920
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 54 x 95 x 48 x 99
Property Sub-Type Quadruplex
Source Hive MLS
Property Description
The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity.
There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.
Location
State NC
County New Hanover
Community Historic District
Zoning HD-MU
Direction Go north on N 3rd Street, turn right on to Red Cross. Once you cross over N 4th Street the property is on the left. Park on the street.
Rooms
Basement None
Interior
Interior Features None
Heating Electric, Forced Air
Cooling Central Air
Flooring LVT/LVP, Tile, Wood
Furnishings Unfurnished
Appliance Electric Oven, Refrigerator
Laundry Dryer Hookup, Washer Hookup
Exterior
Exterior Feature None
Parking Features On Street
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Amenities Available None
Waterfront Description None
View See Remarks
Roof Type Shingle
Accessibility None
Porch Porch, Rear Porch
Building
Entry Level Two
Foundation Crawl Space
Water Public
Level or Stories 2
Structure Type None
New Construction No
Schools
Elementary Schools Snipes
Middle Schools Williston
High Schools New Hanover
Others
Tax ID R04813-028-018-000
Acceptable Financing Cash, Conventional, 1031 Exchange2
Listing Terms Cash, Conventional, 1031 Exchange2
Special Listing Condition Standard
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