Wilmington Duplex For Sale

Wilmington Duplex For Sale: A Rare Opportunity for Investors

If you’re in the real estate market and looking for a unique investment opportunity, we have just the property for you. Presenting the Wilmington Duplex For Sale, a package deal that includes not just two single-family homes but also two duplexes, totaling six units and an impressive 25 rooms. Located at 718 Church, 720 Church, 905 Rankin A&B, and 708 Campbell Street A&B, this property holds immense potential for savvy investors.

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What sets this property apart is its rare legalized boarding house setup. With letters from the city permitting “rooming houses,”this unique feature adds significant value to the package. In fact, the demand for such accommodations is so high that there is currently a long waitlist of potential tenants eager to secure a spot. Additionally, reputable companies such as Trillium and Section 8 have expressed interest in partnering with this property, ensuring a steady flow of rental income.

Wilmington Duplex For Sale

Moreover, the possibilities for this property extend beyond traditional boarding houses. With its large number of rooms, the Wilmington Duplex For Sale could easily be converted into a halfway house, senior living facility, or similar establishment. These types of arrangements often command higher rental rates per room, presenting an even more lucrative opportunity for investors.

The property itself boasts several key features that make it an attractive investment. Firstly, the roofs of all the buildings are relatively new, having been replaced within the past six years. This not only ensures the structural integrity of the buildings but also eliminates the need for costly repairs or replacements in the near future. Additionally, the HVAC systems are all under warranty, providing investors with peace of mind and further reducing potential maintenance expenses.

Furthermore, the properties have undergone recent renovations, with new floors and fresh paint applied throughout. These updates not only enhance the aesthetic appeal of the units but also contribute to the overall value of the property. In addition, the windows have been upgraded, improving energy efficiency and minimizing utility costs for tenants.

For serious investors, the seller is willing to provide all financial documentation with proof of funds. This transparency allows potential buyers to thoroughly assess the property’s income potential and make informed decisions.

In conclusion, the Wilmington Duplex For Sale presents a truly rare opportunity in the real estate market. Its legalized boarding house setup, coupled with high demand from tenants and reputable companies, makes it an attractive investment. The recent renovations, new roofs, and upgraded HVAC systems further add value to the property. If you’re looking for a profitable venture with significant income potential, this package deal should be at the top of your list. Don’t miss out on this exceptional opportunity – schedule a viewing today and secure your place in Wilmington’s thriving real estate market.

905 Rankin Street, Wilmington, NC 28401

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