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Sunn Aire 201-217 Sunn Aire Ct 26 Unit Apartment Building $5,300,000 ($203,846/Unit) Wilmington, NC 28405
Investment Highlights
- UNIQUE OPPORTUNITY FOR 26 CONDO UNITS within a 27-unit condo rental complex in Wilmington, North Carolina
- OUTSTANDING UPSIDE POTENTIAL based on current average rent at $1,187 with several existing tenants between $1,500 ~ $1,650 rents
- LOCATED IN THE HEART OF WILMINGTON NC with close proximity to downtown, Riverwalk, numerous shops, restaurants and more
- ABILITY TO OWN ENTIRE COMPLEX because the owner of the 27th unit is also ready to negotiate and sell
- SPACIOUS 2-BEDROOM FLOOR PLANS with ample closet space, efficient layouts and stackable washer/dryer included in every unit
Executive Summary
UNIQUE OPPORTUNITY FOR 26 CONDO UNITS within a 27-unit condo rental complex in Wilmington, North Carolina, with ability to own ENTIRE COMPLEX because the owner of the 27th unit is ready to negotiate and sell!
Property Facts
| Price | $5,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $203,846 | Building Class | C |
| Sale Type | Investment | Building Size | 21,840 SF |
| No. Units | 26 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | ||
| Zoning | MF-M | ||
| Price | $5,300,000 |
| Price Per Unit | $203,846 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 21,840 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Zoning | MF-M |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 26 | - | 840 - 878 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $594,400 | |
| Land Assessment | $0 | Total Assessment | $594,400 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$594,400
Total Assessment
$594,400
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Contact the Sale Advisor
Sunn Aire | 201-217 Sunn Aire Ct