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$2,149,900
370 S Kerr Avenue, Unit 105
Wilmington, NC 28403
MLS# 100411313
12000 sqft
370 S Kerr Avenue, Unit 105, Wilmington, NC 28403
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370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 370 S Kerr Avenue, Unit 105, Wilmington, NC 28403

Property Description
Package of ten condos in a great community in PRIME location of Wilmington, North Carolina. Each unit has 3 beds/3 baths and is located less than a mile to the UNCW campus. Within a mile to plenty of shopping and less than 5 mins to the beach! Spacious bedrooms all with their own private bathrooms and walk-in closets. Ideal as investment properties. All properties currently below market value. How dues are 2400/year for each unit. Property taxes are close to 20k in total. Each property should be able to rent for 2100-2200. 4 units recently vacant and have been turned and ready for rent to be increased. NOI with pro forma is roughly 225k annually. Reach out for more information! 370 S. Kerr Ave. Unit 105 Wilmington, NC 28403 ((tenant occupied until 4/2024) 370 S. Kerr Ave. Unit 106 Wilmington, NC 28403 370 S. Kerr Ave. unit 103 Wilmington, NC 28403 (no washer/dryer) 370 S. Kerr Ave. unit 104 Wilmington, NC 28403 (tenant occupied until 10/14/2023, $1,800) 370 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 11/11/2023, $1,745) 376 S. Kerr Ave. unit 302 Wilmington, NC 28403 (fresh paint for entire unit) 376 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 2/15/2024, $1,575) 376 S. Kerr Ave. unit 305 Wilmington, NC 28403 376 S. Kerr Ave. unit 101 Wilmington, NC 28403 (fresh paint for entire unit, no washer/dryer) 376 S. Kerr Ave. unit 102 Wilmington, NC 28403 We have a total of 10 units in this complex for sale. Possibly more in the future as a package!

Details
Maps
Contract Info
Available Date: 2023-10-20
Status: Active
Effective Date: 2023-10-24
Delayed Marketing?: No
Delayed Marketing Date (DM): 2023-10-24
Sub-Type: Multi-Family
Garage: N/A
Sale/Lease: Sale
Auction: No
Listing Price: 2149900
Current Price: $2,149,900
List Price/SqFt: 179.16
Sub Agent Comm $/%: %
Buyer Agent Comm: 2
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 370
Pre Direction: S
Street Name: Kerr
Street Suffix: Avenue
Unit #: Unit 105
County: New Hanover
State/Province: NC
Zip Code: 28403
City Limits: Yes
Marketing City: Wilmington
Subdivision: Kerr Crossing
Secondary Subdivision: N/A
Geo Lat: 34.231367
Geo Lon: -77.888318
Remarks and Showing
Directions to Property: College to Randall Parkway, turn left at stoplight onto Kerr Ave, immediately turn right into Kerr Crossing Parking lot (corner of Randall & Kerr)
Sign on Property: No
Building Info
New Construction: No
Building/Ext Features
Lot Dimensions: 00
SqFt - Heated (Primary): 12000
Location Type: Mainland
Legal and Taxes
Deed Book: 6323
Deed Page: 1820
Legal: Unit 105 Bldg 1 Kerr Crossing Child Split From R05507-001-011-000
Broker Owner: No
PID: R05507-001-011-005
Tax Identifier: R05507-001-011-005
Plat Book: 00
Plat Page: 00
Special Assessments: none
Tax Year: 2022
Year Built: 2007
Zoning: RES
Cobra Zone: No
HOA
Association Fee 1/Year: 2400
Association Name: Kerr Crossing
Association Phone: 9109007767
HOA 1 Mgmt. Company: Unlimited Property Management
Property Features
Sub-Type: Comm Condominium
Exterior Finish: Vinyl Siding
Flooring: Carpet
Sale/Lease Includes: See Remarks
Heating System Fuel Source: Electric

Listing Office: Keller Williams Innovate-Wilmington

Last Updated: February - 22 - 2024

370 S Kerr Avenue, Unit 105, Wilmington, NC 28403 - MLS# 100411313
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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