Incredible investment and business opportunity right in the heart Wilmington's Historic District. Voted USA Today's 2023 Best Reader Choice Bed and Breakfast, the C.W. Worth House provides outstanding guest services in the Wilmington area. The level of mindfulness, tasteful renovations and charming historic appeal set this B&B opportunity apart from… Read More others. This beautiful historic landmark has seven guest rooms in addition to the main owner's suite. Each room has its own private entry, bathroom, and style. The inviting living areas are thoughtfully decorated and enhance the guest experience. Also included is a vacant parcel that is currently used by the owners for parking. Its prime location near downtown, the River Walk, and various dining options, placement within a historic district and room capacity provide a fantastic opportunity for its next owner. This property business is turnkey ready and has advanced booking that enabled the next owner to benefit from all the previous owner's efforts. CW Worth House has received national notoriety for their service and location. CW Worth house was awarded 2022 - Present: Select Registry Property, 2022 & 2023 TripAdvisor Travelers' Choice, 2023 Best Hotel/ Bed & Breakfast in the Cape Fear Region and 2023 USA Today #1 10Best Readers' Choice Best Bed & Breakfast. Considering the Award-Winning Business, Unique Charm, and a solid business plan enables the CW Worth House to continue to excel. Read Less
Courtesy of Jeffrey G Hovis, Intracoastal Realty Corp
Listing Snapshot
Days Online
122
Last Updated
Property Type
Multi Family
Square Ft.
6,290
Lot Size
0.29 Acres
Year Built
1903
MLS Number
100488400
30 Days Snapshot Of 28401
$379k
-13%
(avg) sold price
37
+19%
homes sold
71
-10%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road/Trans Access: Airport: Less than 5 Miles, Road/Trans Access: County Highway: Less than 5 Miles, Road/Trans Access: Interstate: Less than 5 Miles, Road/Trans Access: Port: 6 - 10 Miles, Road/Trans Access: Rail: 6 - 10 Miles, Road/Trans Access: State Highway: Less than 5 Miles
Attic Information
Access Only
Basement
Unfinished
Cooling
Central Air
Exterior Features
Wood Siding
Floors
Tile, Wood
Foundation
Basement, Crawl Space
Water Features
Electric
Heating
Forced Air, Heat Pump
Home Owner's Association
HOA Amenities: No Amenities
Lot
12,632 sqft lot, Lot Description: See Remarks, Lot Dimensions: 66 x 165 and 32 x 55, Lot Water Features: None, 0.29 acres
Parking
Parking/Driveway: Off Street, Unpaved, See Remarks, 2 parking spaces
Property
1 unit, 6,290 heated sqft, 5,918 total available sqft, Built in 1903, C & I Features: None, Cap Rate %: 10.50, Ceiling Height: 10.00, Construction: Wood Frame, Current Use: Bed and Breakfast, Federal Flood Insurance available, Financial Info: Yes, Gross Income: $312,425, Insurance Expense: $9,411, List Price/SqFt: $365, Net Operating Income: $244,434, Real Estate Taxes: $5,734, Total Annual Expenses: $97,991, Zoning: HD-R
Roof
Metal, Shingle
Sewer
Natural Gas Available, Water Available
Taxes
City Tax Rate: 6598, County Taxes: $5,410, Property Taxes: $5,571, Tax Year: 2024
Utilities
Electric Provider: Duke Progress Energy, Sewer Provider: Cape Fear Public Utility Authority, Water Provider: Cape Fear Public Utility Authority, Fuel Tank: None
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