620 13Th St Wilmington, NC 28401

This exceptional investment opportunity presents a three-unit single-family rental portfolio ideally situated in Wilmington, North Carolina. The portfolio comprises three separate buildings, each a single-story structure, totaling 1,012 square feet on a 0.28-acre lot. Built in 1938, the properties are classified as Class C and offer a compelling value proposition with an asking price of $785,450, translating to a price per square foot of $776.14 and a price per unit of $261,816.67. The portfolio currently boasts 100% occupancy, generating a substantial annual rental income of $49,200, resulting in a strong 6.00% capitalization rate. The properties are zoned R-5 and located at 620 S 13th St, Wilmington, NC 28401, in close proximity to downtown Wilmington. The unit mix includes one 3-bedroom/2-bathroom unit and two 2-bedroom units (one with 2 baths, one with 1 bath). This portfolio presents a unique chance for investors to acquire a well-performing rental property with significant potential for increased profitability through renovations and strategic remarketing. The property's location and existing rental income stream make it an attractive investment opportunity in a growing market. The APN is R05410-008-017-000.