Listed by Intracoastal Realty Corp
$695,000
407 Red Cross Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,301
Units 4
Price per SqFt $211
Year Built 1920
Buildings 1
Stories 2
Acreage 0.120
Zoning HD-MU
Multifamily | 4 Units | $173,750/unit
Investment highlights
This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses. The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity. There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.
Listing Contacts
Listed by Intracoastal Realty Corp
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