713 Chestnut St - 713 Chestnut Street
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713 Chestnut St - 713 Chestnut Street
3 Unit Apartment Building Offered at £504,171 at a 5.52% Net Initial Yield in Wilmington, NC 28401
Investment Highlights
- Located in the Historic District
Executive Summary
Home located in the Historic District. Currently the Property consists of 3 rental units and could be converted back to a single-family home. There are two(2) two bedroom/ one bath and one(1) one bedroom/one bath. Each unit has it own electric and gas meter. Total monthly rent is approximately $3750($45,000 Annual). Property is located close to downtown and the Soda Pop District. Great investment income property or a single family residence.
Financial Summary (Pro forma - 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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 2 | £1,105 | - |
| 1+1 | 1 | £749.55 | - |
1 of 1
Walk Score ®
Very Walkable (79)
Bike Score ®
Very Bikeable (72)
zoning
| Zoning Code | HD-R (Historic District Residential) |
| HD-R (Historic District Residential) |
-
Power Broker Jeff Hovis -
Sky Grainger -
Intracoastal Realty Corporation
1 of 47
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713 Chestnut St - 713 Chestnut Street
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