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    624 N 4th Street

    Wilmington, NC 28401
    • $529,000
    • STATUS: Active
    • ON SITE: 74 days
    • MLS #: 100230743
    UPDATED: 175 min ago
    $529,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,042
      SQFT
    • $259
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1921
    County:
    Area:

    School Ratings & Info

    Description

    UPDATED 07/29/2020: New Metal Roof. YTD NOI = $19,243.75 (lost the month of April to Covid-19 Executive Orders). Only off $7400 from 2019 numbers and Fall bookings look strong with Q1 2021 already booked solid.4 Bedroom AirBnB property For Sale in the Brooklyn Arts section of the Central Business District in downtown Wilmington. $41,327 for 2019 in Net Operating Income. Fully entitled with a transferable city license. Q1 of 2020 was fully booked, with the reopening of the economy, June and July has been strong, and August is already getting booked. Guests pay all fees (cleaning, taxes, online fees, etc). Steady growth over a 4 year period for one of very few 4 bedroom STRs in our market. Next door to the Brooklyn Cafe, a block from breweries, bars, restaurants and the Wilson Center for Performing Arts.This is a great opportunity for someone looking for a passive income in the sharing economy.

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    © 2020 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2020-10-23T23:56:00.623.
    www.theoceanairerealty.com/homes/108723263
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    624 N 4th Street Wilmington, NC 28401

    • Price: $529,000
    • Status: Active
    • Updated: 175 min ago
    • MLS #: 100230743
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,042
    SQFT
    $259
    $/SQFT
    1921
    Built
    Neighborhood:
    Not In Subdivision
    County:
    New Hanover
    Area:
    Wilmington
    Property Description
    UPDATED 07/29/2020: New Metal Roof. YTD NOI = $19,243.75 (lost the month of April to Covid-19 Executive Orders). Only off $7400 from 2019 numbers and Fall bookings look strong with Q1 2021 already booked solid.4 Bedroom AirBnB property For Sale in the Brooklyn Arts section of the Central Business District in downtown Wilmington. $41,327 for 2019 in Net Operating Income. Fully entitled with a transferable city license. Q1 of 2020 was fully booked, with the reopening of the economy, June and July has been strong, and August is already getting booked. Guests pay all fees (cleaning, taxes, online fees, etc). Steady growth over a 4 year period for one of very few 4 bedroom STRs in our market. Next door to the Brooklyn Cafe, a block from breweries, bars, restaurants and the Wilson Center for Performing Arts.This is a great opportunity for someone looking for a passive income in the sharing economy.
    Exterior Features

    Location Type Mainland Lot Dimensions 132 X 43

    Property Features

    Auction No City Limits Yes Cobra Zone No Hoa YN No New Construction No Sale Lease Includes BuildingsLandSee Remarks Sale Or Lease Sale Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2020 Zoning Cbd-Central Bu



    Listing information © 2020 NCRMLS
    Listing provided courtesy of Bernadette M Silivanch of Eastern Carolinas Commercial Real Estate.


    © 2020 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2020-10-23T23:56:00.623.
     
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    The Oceanaire Realty
    308 US Highway 17 N
    Holly Ridge NC, 28445