808 North 5th Ave, Wilmington, NC


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About 808 North 5th Ave

Great opportunity to own great 2-unit building with very strong income! Current monthly rents are $5495! In a great location, walking distance to everything! Unit 1 already set up as nice Airbnb / Furnished Rental, & Unit 2 is income producing w/ great tenant. A big plus is: FHA allows rent from Unit 2 to be used as INCOME to help w/ mortgage approval. PNC offering $5000 incentive program for qualified buyers!! A great LOW maintenance property w/ tons of OFF-STREET PARKING! OUTSTANDING LOCATION: walking distance to all the fun events & amenities downtown! Such as: Live Oak Amphitheater, Restaurants, Riverwalk, Breweries, Live Events, Parks, CF College, Brooklyn Arts, etc...Unit1 already functioning as furnished rental w/ strong history..,This is a turnkey property! Many options exists w/ this 2-unit building.... Airbnb the furnished Unit & use it ''some'' as your ''downtown crash pad'' while collecting steady rents from Unit 2 ...Or continuous rent Unit 1 & Unit 2...or live-in Unit1 & collect steady rent Unit2...Originally designed & built as a modern 2-unit building in 2000s, the units offer all the modern features like open floor plans & master suites w/ bathrooms. Unlike many of homes downtown that are a 100 years old, & have many ''old house'' problems....This one was built to modern building codes & standards. This is NOT like many other homes downtown that were single-family homes that were ''cut-up / converted'' into 2 awkward units....A few other highlights: big CHARLESTON-STYLE PORCH, hardwoods, no carpet, off-street parking, open floor plan, amazing upper porch that looks down beautifully tree-lined 5th Ave & huge backyard! Possible to build another rentable unit or garage. Rare opportunity to own 2-unit building in one of best locations downtown. Very strong short-term rental location. Existing rent can help w/ financing. Turnkey with strong rents & ready to go. Rare opportunity...Very easy to show...Come see it today...Call for more info.

Features of 808 North 5th Ave

MLS® # 100410714
Price $795,000
Bedrooms 6
Bathrooms 4.00
Acres 0.12
Year Built 2002
Type Multi-Family
Sub-Type Duplex
Status Active

Community Information

Address 808 North 5th Ave
Area Not In Subdivision
Subdivision Not In Subdivision
City Wilmington
County New Hanover
State NC
Zip Code 28401


Amenities See Remarks
Is Waterfront No


Interior Features 1st Floor Master, 9Ft+ Ceilings, Ceiling Fan(s), Pantry
Heating Heat Pump, Forced Air
Cooling Central Forced Air, Heat Pump
Fireplace Yes
# of Stories 2
Stories 1st Floor, 2nd Floor


Exterior Vinyl
Exterior Features Security Lighting
Lot Description Irr
Roof Shingle
Construction Wood Frame
Foundation Slab

School Information

Elementary Snipes
Middle Williston
High New Hanover

Additional Information

Date Listed October 19th, 2023
Days on Market 40
Zoning r-3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeHomes For Sale in Wilmington, Inc.

Listing Map

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