808 N 5Th Ave, Wilmington, NC 28401

Description

A rare opportunity to own a 2-unit building WALKIG DISTANCE to Live Oak amphitheater & all the best downtown attractions. The property next door at 810 N 5th just SOLD for $1,042,000....808 N 5th has same number of bedrooms & bathrooms. 808 N 5th also has much more off-street parking, big backyard & Unit # 1 is already fully furnished! Yet, we are priced significantly lower than the sale price for property next door! Great 1031 opportunity! Huge cash flow opportunities. Many options: Live in one unit & Airbnb one. Or rent both. Many beautiful renovations were just completed at 808 N 5th including: A completely NEW KITCHEN with HUGH QUARTZ ISLAND, new cabinets, backsplash, pendant lighting, new appliances, all freshly refinished hardwood floors, new bathrooms with new vanities, lighting, fixtures , floors, & many more renovations. Unit #1 is fully furnished! It's a ''TURKEY AIRBNB'' ready to go. It's nicely furnished & has everything you need. Easy to show... Come see all the new renovation...
OUTSTANDING LOCATION in the Brooklyn Arts District, walking distance to all great downtown amenities: restaurants, concert venues, Riverwalk, Cape Fear Community College, parks marinas, breweries , the social district, etc... Built in the early 2000s these units have all the modern features that newer properties offer like open floor plans & suites w/ baths. Unlike many other downtown homes that are over 100 years old, & have many ''old house'' problems, this one was built in the 2000s to modern building codes & standards. VERY LOW MAINTENANCE 2-unit property. Each unit has 3 bedrooms & 2 baths. Some highlights include new kitchen, quartz countertops, new vanities, refinished hardwoods, new lighting, tons of off-street parking, a giant Charleston-Style Porch, suites w/ baths/ walk-in closets, tons of off-street parking, hardwood & LVP flooring, no carpet, full laundry room, an opportunity to build a detached garage, an amazing porch that looks down beautiful tree-lined 5th Ave & a big backyard! This property was designed & built as a modern 2-unit building. This is NOT like many other homes downtown that were single-family homes, an ''cut-up / converted'' into 2 awkward units. This was built as a 2-unit building. As mentioned, the home next door sold for $1,042,000. Many options are available with this 2-unit building. Unit #1 fully ready to go Airbnb! A similar, actively managed Airbnb single unit on the street grossed over $48,000 in a prior year! Just for one unit. Current owner had a medium-term rental in Unit #1 for $3500 per month before all the recent renovations. So, it has even more potential now! Unit #2 has active cash flow. It has a great tenant that can stay, or go after couple months. There is great options & flexibility here! Live in one unit & rent one; use one unit for Airbnb and rent Unit 2 long-term; or rent both for short / medium term. Rare opportunity to own a modern 2-unit building downtown in one of the best locations... Walking distance to everything.... This one won't last long...Come see today while we are keeping the furnished unit vacant for serval weeks for showings....Very easy to show....Call for more details & info.