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719-729 Princess St 8 Unit Apartment Building $1,465,000 ($183,125/Unit) Wilmington, NC 28401
Executive Summary
8-unit mixed-use property located near Wilmington's Historic District, Downtown, and the Soda Pop District. Built in 1900 with extensive renovations completed 2021-2022. Updates include full interior improvements with each residential unit uniquely finished. Property is in the UMX zoning district. Configuration includes 1 retail space, 4 one-bedroom units, 2 studio units, and 1 two-bedroom unit. Annual rental income approx. $124,000. Strong rental history and turnkey investment opportunity in a high-demand urban location.
Property Facts
| Price | $1,465,000 | Building Class | C |
| Price Per Unit | $183,125 | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 4,848 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1900/2022 |
| Apartment Style | Low-Rise | ||
| Zoning | UMX - Uptown Mixed Use | ||
| Price | $1,465,000 |
| Price Per Unit | $183,125 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 4,848 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/2022 |
| Zoning | UMX - Uptown Mixed Use |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 606 |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | R04817-022-009-000 | Improvements Assessment | $1,343,500 |
| Land Assessment | $178,000 | Total Assessment | $1,521,500 |
Property Taxes
Parcel Number
R04817-022-009-000
Land Assessment
$178,000
Improvements Assessment
$1,343,500
Total Assessment
$1,521,500
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719-729 Princess St
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