$427,000
Wilmington, NC 28403
MLS# 100421406
6 beds | 6 baths | 2200 sqft
1 / 16
Property Description
Three Condominium property portfolio that has 6 individual tenants. Each Condo-unit has two bedrooms, two bathroom and shares a common area kitchen-dining space. Each unit has it own entrance. Currently on-site management is in place and buyer has the opens to self-manage. Property has onsite laundry, pool and picnic areas. Close to UNCW, businesses, services, shopping and so much more....
Details
Maps
Contract Info
Status: Active
Effective Date: 2024-01-10
Delayed Marketing?: No
Delayed Marketing Date (DM): 2024-01-10
Sub-Type: Triplex
Listing Price: 427000
Current Price: $427,000
List Price/SqFt: 194.09
Sub Agent Comm $/%: %
Buyer Agent Comm: 2.5
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 462
Street Name: Racine
Street Suffix: Drive
Unit #: 3 Units
County: New Hanover
State/Province: NC
Zip Code: 28403
City Limits: Yes
Marketing City: Wilmington
Subdivision: Campus Edge
Secondary Subdivision: N/A
Geo Lat: 34.231628
Geo Lon: -77.872288
Remarks and Showing
Directions to Property: From Market Street, merge on to North College Road(heading south), Turn left on New Center Drive, turn right on Racine Drive and turn right into Campus Edge.
Sign on Property: No
Building Info
New Construction: No
Property Exterior/Interior Info
Lot Dimensions: Condominium
Waterfront: No
Waterview: No
Location Type: Mainland
# Bedrooms: 6
# Baths - Total: 6
SqFt - Heated (Primary): 2200
# Total Units: 3
Stories: 2
Owner Occupied: No
Property Mgmt Company: Yes
Financials Available: Yes
Legal and Taxes
Tax Assessed Value: 207300
Deed Book: 6214
Deed Page: 2811
Legal: Unit C-109 Campus Edge
Unit B-104 Ph 1 Campus Edge
Unit A-201 Campus Edge
Broker Owner: No
PID: R05508-002-015-065
Tax Identifier: R05508-002-015-131
Special Assessments: none known
Tax Year: 2023
Year Built: 1984
Zoning: MF-H
HOA: Yes
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Elementary School: College Park
Middle School: Williston
High School: New Hanover
Garage & Parking
Other - See Remarks: parking lot
Electric
# Meters: 3
Current Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Side/Unit 1
Total Rooms: 3
# of Bedrooms: 2
Full Baths: 2
Avg SqFt: 753
Furnished: No
Rent: 1350
Occupied: Yes
Side/Unit 2
Total Rooms: 3
# of Bedrooms: 2
Full Baths: 2
Avg SqFt: 753
Furnished: No
Rent: 1290
Occupied: Yes
Side/Unit 3
Total Rooms: 3
# of Bedrooms: 2
Full Baths: 2
Avg SqFt: 694
Furnished: No
Rent: 1275
Occupied: Yes
HOA
Association Fee 1/Year: 12846
Association Name: Campus Edge Condo Association
Association Phone: 9103956001
HOA 1 Mgmt. Company: Cape Fear Management
Rental Income
Gross Rental Income: 46980
Operating Expense: 18001
Occupancy Rate: 100
Property Features
Handicap Accessible: None
Attic: Access Only
Basement: None
Construction: Block
Exterior Features: None
Exterior Finish: Stucco
Fencing: None
Foundation: Slab
Fuel Tank: None
Green Bldg Certify: None
Green Bldg Features: None
Parking Features: Asphalt; Parking Lot
Patio and Porch Features: See Remarks
Pool/Spa: In Ground
Roof: Flat; See Remarks
Stories/Levels: 3rd Floor
Lot Description: See Remarks
Road Type/Frontage: Public (City/Cty/St)
Lot Water Features: None
Cooling: Central
Heating: Forced Air
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Municipal Sewer; Municipal Water
Water Source: Water Connected
Sewer: Connected
Appliances/Equip: Refrigerator; Stove/Oven - Electric
Fireplace: None
Flooring: Tile
Furnished: Unfurnished
Interior Features: None
Laundry Location: Room
Side/Unit 1 Cooling: Central
Side/Unit 1 Heating: Electric
Side/Unit 1 Appliance: Refrigerator; Stove/Oven - Electric
Side/Unit 1 Features: Kitchen; Patio/Balcony/Deck
Side/Unit 1 Rent Frequency: Monthly
Side/Unit 1 Owner Pays: HOA; Water/Sewer; See Remarks
Side/Unit 2 Cooling: Central
Side/Unit 2 Heating: Electric
Side/Unit 2 Appliance: Refrigerator; Stove/Oven - Electric
Side/Unit 2 Features: Kitchen; Patio/Balcony/Deck
Side/Unit 2 Rent Frequency: Monthly
Side/Unit 2 Owner Pays: HOA; Trash Removal; Water/Sewer; See Remarks
Side/Unit 3 Cooling: Central
Side/Unit 3 Heating: Electric
Side/Unit 3 Appliance: Refrigerator; Stove/Oven - Electric
Side/Unit 3 Features: Kitchen; Patio/Balcony/Deck
Side/Unit 3 Rent Frequency: Monthly
Side/Unit 3 Owner Pays: HOA; Trash Removal; Water/Sewer; See Remarks
HOA and Neigh Amenities: Coin Laundry; Community Pool; Maint - Comm Areas; Maint - Grounds; Maintenance Structure; Master Insure; Pest Control; Street Lights; Termite Bond; Trash
Terms: Cash; Conventional
Listing Office: Intracoastal Realty Corp
Last Updated: February - 19 - 2024
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