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2020 Princess Place Dr 3 Unit Apartment Building $725,000 ($241,667/Unit) Wilmington, NC 28405
INVESTMENT HIGHLIGHTS
- Great location.
- Income producing.
EXECUTIVE SUMMARY
SELLER FINANCING AVAILABLE for Income generating property located close to Downtown, Burnt Mill Creek and Soda Pop District. This Community Business zoned property is currently operating as a short-, mid- and long-term income rental property. There are three units that total 2015 Square Feet. The property is well maintained and units have been nicely updated. There is off-street parking. The zoning opens up a number of other opportunity or one could continue the ongoing operations.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Pet Play Area
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 2,015 |
1 1
PROPERTY TAXES
| Parcel Number | R04815-017-011-000 | Total Assessment | $299,500 (2025) |
| Land Assessment | $162,000 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $137,500 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R04815-017-011-000
Land Assessment
$162,000 (2025)
Improvements Assessment
$137,500 (2025)
Total Assessment
$299,500 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2020 Princess Place Dr
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