620 S 13th Street,Wilmington, NC 28401
Wilmington, NC 28401
Description
Part of 5-property income portfolio in downtown Wilmington -- offered as a single transaction. or as a stand alone. All homes leased and currently producing $96,000 in annual gross rent. Seller has completed significant system upgrades across the portfolio in recent years: new roofs (4 of 5), new HVAC, new windows, new flooring. Concentrated in Wilmington's most active rental corridor -- walking distance to the Cargo District, Castle Street, and the Riverfront. Combined ~5,000 sq ft / 14 BR / 9 BA across five separate parcels. Est. cap rate ~6.9% at asking on current rents. Sold as-is
Details
| MLS # | 100579951 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1938 |
| Days On Site | 76 |
| Listing Provided By | RE/MAX Essential | Benjamin T Eisenberg |
Features
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 916 |
| Story(s) | 1 |
| Zoning | R-5 |
| Acreage | 0.07 |
| Property View | None |
Interior
| Interior Features | Master Downstairs, Ceiling Fan(s) |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Heat Pump |
| Fireplace Yes / No | No |
| Laundry Features | Dryer Hookup, Washer Hookup |
| Rooms Total | 3 |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Crawl Space |
| View | None |
| Construction Materials | Vinyl Siding, Wood Frame |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | On Street, Other |
Utilities
| Utilities | Sewer Connected, Water Available |
|---|
Taxes
| Tax Assessed Value | 228700 |
|---|---|
| Tax Book Number | 0 |
| Tax Legal Description | Ne PT 6 Wilmington Blk 84 |
| Tax Year | 2025 |
Area Information
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Community Name | Dawson Castle Street |
| School District | New Hanover |
| Elementary School | Forest Hills |
| High School | Hoggard |
| Listing VS Median (in Dawson Castle Street) | |
Price: $275,000 low | high Med: $362,450 sqft: 916 low | high Med: 1,283 $ / sqft: $300 low | high Med: $285 On site: 76 low | high Med: 83 | |
Market Activity 28401
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Learn More About This Property
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Community Name | Dawson Castle Street |
| School District | New Hanover |
| Elementary School | Forest Hills |
| High School | Hoggard |
| Listing VS Median (in Dawson Castle Street) | |
Price: $275,000 low | high Med: $362,450 sqft: 916 low | high Med: 1,283 $ / sqft: $300 low | high Med: $285 On site: 76 low | high Med: 83 | |
 | $1,250,0001220 Queen StreetWilmington, NC 28401 |
This office is independently owned and operated. Coldwell Banker Real Estate LLC has no involvement in and does not endorse or otherwise sponsor Cartus or The Realty Alliance.
These companies are not affiliated with Coldwell Banker Real Estate, LLC and are independently operated from Howard Perry and Walston Realty, Inc. and Coldwell Banker Real Estate, LLC.