Turnkey investment opportunity in the heart of Wilmington! This permitted duplex-style property is ideal for investors, house hackers, or flexible living arrangements. The main house features two bedrooms, one bath, and a brand-new kitchen with washer/dryer, fridge, stove, and dishwasher. The attached studio ADU, with its private entrance, offers a… Read More full kitchen and bath, perfect for rental income or a guest suite.This property is fully furnished and has generated $40,000 in rental revenue over the past 12 months from a mix of month-to-month and short-term rentals. Recent updates include HVAC modifications, a new mini-split for the studio, sealed crawl space with dehumidifier, Foamax insulation, and a 20-foot sewer line replacement. The back gate has been widened for easy access, and both HVAC systems were serviced in September 2024. With a certificate of occupancy post-renovation, this property is ready to generate income from day one.Located in a highly walkable area, this home is just minutes from Wilmington's booming Cargo District, a creative hub filled with breweries, coffee shops, boutiques, and repurposed shipping container spaces. It's also a short walk to Castle Street's thriving arts and dining scene, home to vintage shops, local galleries, and some of the city's most talked-about restaurants. Easy access to downtown, the Riverwalk, and area beaches makes this an ideal location for both residents and renters alike. Don't miss this prime investment in one of Wilmington's most sought-after areas! Read Less
Courtesy of Aspyre Realty Group, eXp Realty
Listing Snapshot
Days Online
16
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,288
Lot Size
0.1 Acres
Year Built
1923
MLS Number
100493789
30 Days Snapshot Of 28401
$380k
+9%
(avg) sold price
24
-41%
homes sold
70
-28%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Type/Frontage: Maintained, Public (City/Cty/St), Paved
Building
Heated SqFt Range: 1200 - 1399, 1,288 heated sqft, Built in 1923, 1 story, 6 rooms, Construction: Wood Frame, Porch/Balcony/Deck: Covered, Patio, Porch, Stories/Levels: One
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