808 N 5th AVE Wilmington, NC 28401
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,455 sqft
Price per Sqft $349
Subdivision Not In Subdivision
MLS Listing ID 100564082
Style Wood Frame
Bedrooms 6
Year Built 2002
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions Irr
Property Sub-Type Duplex
Source Hive MLS
Property Description
OUTSTANDING LOCATION in the Brooklyn Arts District, walking distance to all great downtown amenities: restaurants, concert venues, Riverwalk, Cape Fear Community College, parks marinas, breweries , the social district, etc... Built in the early 2000s these units have all the modern features that newer properties offer like open floor plans & suites w/ baths. Unlike many other downtown homes that are over 100 years old, & have many ''old house'' problems, this one was built in the 2000s to modern building codes & standards. VERY LOW MAINTENANCE 2-unit property. Each unit has 3 bedrooms & 2 baths. Some highlights include new kitchen, quartz countertops, new vanities, refinished hardwoods, new lighting, tons of off-street parking, a giant Charleston-Style Porch, suites w/ baths/ walk-in closets, tons of off-street parking, hardwood & LVP flooring, no carpet, full laundry room, an opportunity to build a detached garage, an amazing porch that looks down beautiful tree-lined 5th Ave & a big backyard! This property was designed & built as a modern 2-unit building. This is NOT like many other homes downtown that were single-family homes, an ''cut-up / converted'' into 2 awkward units. This was built as a 2-unit building. As mentioned, the home next door sold for $1,042,000. Many options are available with this 2-unit building. Unit #1 fully ready to go Airbnb! A similar, actively managed Airbnb single unit on the street grossed over $48,000 in a prior year! Just for one unit. Current owner had a medium-term rental in Unit #1 for $3500 per month before all the recent renovations. So, it has even more potential now! Unit #2 has active cash flow. It has a great tenant that can stay, or go after couple months. There is great options & flexibility here! Live in one unit & rent one; use one unit for Airbnb and rent Unit 2 long-term; or rent both for short / medium term. Rare opportunity to own a modern 2-unit building downtown in one of the best locations... Walking distance to everything.... This one won't last long...Come see today while we are keeping the furnished unit vacant for serval weeks for showings....Very easy to show....Call for more details & info.
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning r-3
Direction 3rd St to Brunswick St then Left on N 5th Ave
Location Details Mainland
Interior
Interior Features Master Downstairs, High Ceilings, Ceiling Fan(s), Pantry
Heating Heat Pump, Electric, Forced Air
Cooling Central Air, Heat Pump
Flooring LVT/LVP, Wood
Furnishings Partially
Exterior
Parking Features See Remarks, Off Street
Amenities Available See Remarks
View See Remarks
Roof Type Shingle
Porch Covered, Deck, Porch
Building
Entry Level Two
Foundation Slab
Level or Stories 2
New Construction No
Schools
Elementary Schools Snipes
Middle Schools Williston
High Schools New Hanover
Others
Tax ID R04813-003-005-000
Special Listing Condition Standard
Nearby Locations
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