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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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308 Church St , Wilmington, NC 28401
$1,075,000
Est. Payment: $2,388.89/mo
5 Bed
3 Bath
3125 Sqft
Status: Active | Days on site: 112
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House Description

Unique opportunity to own a three unit investment property in historic downtown Wilmington. Timeless charm meets modern updates in the Cumming-Taylor House, a stunning Queen Anne residence built in the late 1800's and ideally situated on a quiet brick-lined street in the heart of the historic district. Rich in character and thoughtfully updated, the home welcomes you with a wraparound front porch leading into a formal foyer. Inside, you'll immediately notice soaring ceilings, hardwood floors, and intricate trim work that reflect the craftsmanship of the era. The property is configured into three separate units: the first and second floors each offer spacious two bedroom, one bath apartments, while the third floor features a charming one bedroom, one bath unit. An ideal set up for maximizing rental income and cash flow. Each unit enjoys access to private outdoor spaces, including porches or decks, along with a generously sized fenced backyard. Off-street parking, a rare find in downtown, adds to the property's rental appeal for both short-term and vacation guests. Located just blocks from the riverwalk, restaurants, shops, and local attractions, this property presents an excellent opportunity as an high-income producing asset for either short term or long term rentals with an established rental history and strong guest reviews.

Highlights

Listed by Jesse A Canady , 910-231-7377 Salt and Stone Property Group , 910-231-7377.

Property Type

Multi-Family

Lot/Acreage
0.07

Year Built

1889

County

New Hanover

Neighborhood

Historic District

Listing ID

100570893

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:3
  • Full Bathrooms:
Appliances:Electric Oven, Electric Cooktop, Washer, Refrigerator, Range, Dryer, Dishwasher
Air Cond:Central Air
Fireplaces:
Floor:LVT/LVP,Tile,Wood
Other:
  • Additional:High Ceilings, Ceiling Fan(s), Blinds/Shades

Exterior Features

Lot:Fencing: Back Yard
Lot Dimensions:46.33'x66'
Garage Capacity:0
Zoning:HD-R
Roof:Architectural Shingle
Parking Features:Off Street
Principal Interest
$2,389
Taxes
$685

Home Price

$1,075,000

Loan Details

30 yrs
%

Down Payment

20%
$215,000
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Monthly Price:
$2,388.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,388.89 $685.31 $0.00 $3,074.20
Yearly $28,666.67 $8,223.75 $0.00 $36,890.42
Total $860,000.00 $246,712.50 $0.00 $1,106,712.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Wilmington, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.