About 808 N 5th Avenue
Great 2-unit building with very strong Annual Income of $68,000 w./ greater potential income...In an amazing location...Great opportunity for strong passive income... Many opportunities such as: rent unit# 1 & use unit# 2 as your posh downtown crash pad. Or rent both units... Built to be a very LOW maintenance property; with lots of off-street parking in an amazing location! Walking distance to everything! Walk to all amenities downtown including: Live Oak Amphitheater, Social District on N 4th St, Riverwalk, CFCC, all the thriving restaurants, breweries & other exciting amenities downtown. The amazing location is very beneficial w/ Airbnb rentals...Unit 1 is already a nice Airbnb & Unit 2 has easy/ great tenants! This isa TURNKEY PROPERTY!! Furnishings can come with sale. Great property, especially when compared to other multi-family & condos that are selling downtown. Get 2 units that are low maintenance in outstanding location & has lots off street parking, at a much better price !! ( as compared to others that are selling ) A big plus is: FHA allows rent from Unit2 to be used as INCOME to help w/ mortgage approval. Income potential is based on past income. Designed & built as a modern 2-unit building, the units offer all the modern features like open floor plans & master suites w/ bathrooms. Unlike many of homes downtown that are a 100 years old, & have many ''old house'' issues....This one was built to modern building codes & standards. This is NOT like other homes downtown that were single-family homes that were ''cut up'' & ''converted'' into 2 awkward units....Can build detached garage. Other highlights: big CHARLESTON-STYLE PORCH, hardwoods, no carpet, open floor plan, amazing upper porch looks down beautifully tree-lined 5th Ave &huge backyard!.. Rare opportunity to own 2-unit building in awesome location Existing rent can help w/ financing. Turnkey with strong rents & ready to go. Very easy to show!! ...Come see it today...Call for more info.
Features of 808 N 5th Avenue
| MLS® # | 100498704 |
|---|---|
| Price | $829,000 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Acres | 0.12 |
| Year Built | 2002 |
| Type | Multi-Family |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 808 N 5th Avenue |
|---|---|
| Area | Not In Subdivision |
| Subdivision | Not In Subdivision |
| City | Wilmington |
| County | New Hanover |
| State | NC |
| Zip Code | 28401 |
Amenities
| Amenities | See Remarks |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | 1st Floor Master, Pantry, Ceiling Fan(s), 9Ft+ Ceilings |
|---|---|
| Heating | Forced Air, Heat Pump |
| Cooling | Central, Heat Pump |
| Fireplace | Yes |
| # of Stories | 2 |
| Stories | 1st Floor, 2nd Floor |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Security Lighting |
| Lot Description | Irr |
| Roof | Shingle |
| Construction | Wood Frame |
| Foundation | Slab |
Additional Information
| Date Listed | April 3rd, 2025 |
|---|---|
| Days on Market | 45 |
| Zoning | r-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Homes For Sale in Wilmington |
|---|