Viewing Listing MLS# 100423191
Wilmington, NC 28403
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 11,534SqFt
- 1991Year Built
- 0.65Acres
- MLS# 100423191
- Commercial
- G
- Active
- Approx Time on Market3 months, 17 days
- AreaNew Hanover (28403)
- CountyNew Hanover
- SubdivisionHighwood Park
Overview
Bonham Bay Townhomes are conveniently located in the Mid-Town area of Wilmington North Carolina. This multifamily investment is currently 100% occupied. Bonham Bay Townhomes consists of 11 townhome units, all of which are approximately 1,000 square feet in size. Each unit has two bedrooms, two full bathrooms, powder room, private entry, outdoor patio, and off-street parking. The property is located close to Downtown Wilmington, UNCW, CFCC, Shopping, Entertainment, Medical Services, Public Transportation, Beaches and so much more. The current owners have upgraded the units, stabilized rents, and opened the opportunity to grow this investment. Property is currently managed professionally, and operations are turnkey for the next investor. The Multifamily zoning classification opens development opportunities. Complete financial information is available from the listing agent.
Baths Info
Building Info
Year Built: 1991
New Construction: No
Miscellaneous Current Use: Rental Residential
Attic: Access Only
Basement: None
Construction: Wood Frame
Foundation: Slab
Roof: Metal
Exterior Features
Exterior Finish: Brick Veneer, Vinyl Siding
Fuel Tank: None
Financial
Asking Price Text: $2,495,000
Tax Assessed Value: 11660
Total Property Taxes: 9852.70
Tax Year: 2023
Stipulation Of Sale: None
County Taxes: 9852.00
List Pricesqft: 216
Financial Info Financial Info: Yes
Financial Info Gross Income: 19450
Financial Info Total Annual Expenses: 44853
Financial Info Cap Rate: 6.00
Financial Info Insurance Expense: 10429
Financial Info Management Fee: $15,384
Terms: 1031 Exchange,Cash,Conventional
HOA Info
Hoa: No
Hoa Amenities: No Amenities
Interior Features
Flooring: Carpet, Laminate, Tile
Lot Info
Lot Sqft: 28,227
Lot Dimensions: 149 x 200 x 133 x 201
Acres: 0.65
Location: Residential, See Remarks
Lot Water Features: None
Road Type: 2 - 3 Lanes
Misc Features
Special Assessments: None
Miscellaneous Occupancy: 100.0
Misc Info
Federal Flood Ins Avlbl: Yes
Roadtrans Access Rail: 6 - 10 Miles
Roadtrans Access Interstate: Less than 5 Miles
Roadtrans Access Port: 6 - 10 Miles
Roadtrans Access County Highway: Less than 5 Miles
Roadtrans Access Airport: Less than 5 Miles
Roadtrans Access State Highway: 6 - 10 Miles
Green Bldg Features: None
Parking Info
Parking: 25
Parking Driveway: Asphalt, Off Street, Parking Lot, Private
Property Features
Ci Features: See Remarks
Property Info
County: New Hanover
Cobra Zone: No
Zoning: MF-M
Subdivision Original: Highwood Park
Secondary Subdivision: N/A
Marketing City: Wilmington
City Limits: Yes
Sign On Property: No
Class Type: G
Restrictions
Sale / Lease Info
Sale Lease: Sale
Lease Types: See Remarks
Possession: At Closing,Subject To Tenant Rights
Sale Lease Includes: Buildings,Land,See Remarks
Schools
SqFt Info
Sqft: 11,534
Sqft Total Available: 11,534
Unit Info
Num Units: 11
Utilities /HVAC
Service Providers Electric Provider: Duke Progress Energy
Service Providers Water Provider: Cape Fear Public Utility Authority
Service Providers Sewer Provider: Cape Fear Public Utility Authority
Cooling System: Central
Heating System: Heat Pump
Water Heater: Electric
Water Sewer: Municipal Sewer, Municipal Water
Courtesy of Intracoastal Realty Corp