1002 Grace Street, Wilmington, NC 28401 | Listings

1002 Grace Street, Wilmington, NC 28401

  • $999,000
  • 5,990 sq ft
  • Year Built: 1956
  • Commercial
  • Listing #100292066

Property Description

Fully rented 7 unit apartment building in up and coming area of downtown Wilmington. New roof in 2016 - 30 year architectural shingles; HVAC's all good with one new in 2019 and two new in 2020. This heat and air conditioning system is efficient and inexpensive to run. A pump supplies water from a well for the heat and air conditioning. There are three 3 bedroom 1 bath units and four 2 bedroom 1 bath units. Almost 100% occupancy in the past 6 years. Long term tenants. Super easy to fill if there is a vacancy. Potential to raise the rent. Easily add a washer and dryer to the basement for additional income. This property has been a great income producing property for the seller for many years. Take note it is located across the street from Portia Mills Hines Park. Ask for financials.

Listing Details

Year Built1956
Property TypeCommercial
Listing #100292066
CountyNew Hanover
Listing TypeFor Sale

Interior Features

Square Feet5,990
Heating and CoolingCentral

Exterior Features

Lot Size0.25 acres

Courtesy of Cynthia W Wilkinson, Century 21 Sweyer & Associates - Landfall

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This content last updated on 12/5/2021 4:51 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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