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
| Amenities | See Remarks |
|---|---|
| Is Waterfront | No |
Interior
| 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
| 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
| Office | Homes For Sale in Wilmington, Inc. |
|---|