Listed by Intracoastal Realty Corp
$1,349,000
719 Princess Street
Details
APN R4817-022-009-222
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 4,848
Units 8
Cap Rate 5.84%
Price per SqFt $278
Class B
Year Built 1900
Lot Size (SqFt) 0.8
8 Unit Mixed Use Building
Marketing description
8-unit mixed-use property located near Wilmington's Historic District, Downtown, and the Soda Pop District. Built in 1900 with extensive renovations completed 2021-2022. Updates include full interior improvements with each residential unit uniquely finished. Property is in the UMX zoning district. Configuration includes 1 retail space, 4 one-bedroom units, 2 studio units, and 1 two-bedroom unit. Annual rental income approx. $124,000. Strong rental history and turnkey investment opportunity in a high-demand urban location.
Listing Contacts
Listed by Intracoastal Realty Corp
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