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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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407 Red Cross St , Wilmington, NC 28401
$695,000
Est. Payment: $3,581.48/mo
6 Bed
4 Bath
3301 Sqft
Status: active | Days on site: 107
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses. The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity. There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.

Highlights

Listed by Jeffrey G Hovis , 910-512-2205 and Sky Grainger , 910-833-2546 Intracoastal Realty Corporation , 910-256-4503. Hive MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.12

Year Built

1920

County

New Hanover

Neighborhood

Historic District

Listing ID

100563459

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:4
  • Full Bathrooms:
Appliances:Electric Oven, Refrigerator
Air Cond:Central Air
Fireplaces:
Floor:LVT/LVP,Tile,Wood
Other:Public

Exterior Features

Lot:Fencing: Partial,Fencing: Wood
Lot Dimensions:54 x 95 x 48 x 99
Garage Capacity:0
Zoning:HD-MU
Roof:Shingle
Parking Features:On Street
Principal Interest
$3,581
Taxes
$443

Home Price

$695,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$139,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,581.48

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,581.48 $443.06 $0.00 $4,024.54
Yearly $42,977.74 $5,316.75 $0.00 $48,294.49
Total $1,289,332.11 $159,502.50 $0.00 $1,448,834.61

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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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.

Information provided by Hive MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-02T01:59:34.000Z

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