$539,000

1220 S 5th Avenue

Wilmington NC, 28401

Description

Unique property located in the Urban Mixed Use zoned area of South 5th Avenue. The front unit is 1954 Square Feet in the main floor with 568 Square Feet on the second level loft area that has its own heating and air systems. Unit 1 can be a 3 to 4 bedroom with 2 full bathrooms. Has a large kitchen and combination living space. Unit Two is 596 SF has two bedrooms and one bath. This property has been completely renovated. New roof, new HVAC, Refinished original wood floors and new flooring installed in the upstairs and unit 2, new lighting, updated electrical, updated plumbing and all appliances have been upgraded. Located close to the South Front area and is in an area that is seeing growth and much new mixed use development. The flexibility that an UMX zoned property provides, enables a solid investment opportunity. Short Term rentals are permitted in the UMX area. The demand for housing is steady. The lot is close to 10,000 square feet and provides Great investment opportunity and is located in a designated opportunity zone.

Details

MLS#100252547
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site47

Features

Units2
Building(s)1
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Area Information
StateNC
CountyNew Hanover
CityWilmington
Zip Code28401
AreaNew Hanover
Listing VS Median (in 28401)
Price:
$539,000
low | high
Med:
$239,500
100% of Average
On Site:
47
low | high
Med:
23
100% of Average
Sourced by Back At You
Listing Updated: March 3, 2021 9:02:25 PM PST
Jeffrey G Hovis LogoMLS Number: 100252547
Listing Provided By:
Jeffrey G Hovis  of  Intracoastal Realty Corp
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