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

Price$999,000
Year Built1956
Property TypeCommercial
Listing #100292066
StatusActive
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 10/21/2021 5:51 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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