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Listing Details

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Description

Historic Downtown Washington 11-unit apartment building is the perfect location for those looking for long-term and short-term investment opportunities. Grand turn-of-the-century home was beautifully and completely renovated and modified in 2016. The property has 8 1-Bedroom apartment units, 2 2-Bedroom apartments and 1 studio apartment. 1 furnished unit is designed for short-term rental. Most leases are longer-term annual leases, but this convenient location lends itself to a lucrative Air BnB-type situation, as well. Street parking is ample in front of the property plus a public parking lot is immediately adjacent to the building. Located 1/2 block from downtown shops and restaurants and only 2 blocks from the beautiful Pamlico River. Walking distance to local government buildings and downtown businesses. Short drive to Vidant Beaufort Hospital and other Washington Businesses. Also convenient to Greenville. Gross income and Net Operating Income are available upon request. Excellent occupancy rate averages 91%. Short-term furnished unit is currently available for rent and is the only vacancy.

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© 2021 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2021-09-19T06:55:40.267.
www.findwilmingtonproperties.com/homes/121396577
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121 E 2nd Street Washington, NC 27889

  • Price: $895,000
  • Status: Active
  • Updated: 76 min ago
  • MLS #: 100290481
0
Beds
0
Baths
0
½ Baths
0.52
Acres
7,720
SQFT
$116
$/SQFT
1900
Built
Neighborhood:
Historic District
County:
Beaufort
Area:
Washington
Property Description
Historic Downtown Washington 11-unit apartment building is the perfect location for those looking for long-term and short-term investment opportunities. Grand turn-of-the-century home was beautifully and completely renovated and modified in 2016. The property has 8 1-Bedroom apartment units, 2 2-Bedroom apartments and 1 studio apartment. 1 furnished unit is designed for short-term rental. Most leases are longer-term annual leases, but this convenient location lends itself to a lucrative Air BnB-type situation, as well. Street parking is ample in front of the property plus a public parking lot is immediately adjacent to the building. Located 1/2 block from downtown shops and restaurants and only 2 blocks from the beautiful Pamlico River. Walking distance to local government buildings and downtown businesses. Short drive to Vidant Beaufort Hospital and other Washington Businesses. Also convenient to Greenville. Gross income and Net Operating Income are available upon request. Excellent occupancy rate averages 91%. Short-term furnished unit is currently available for rent and is the only vacancy.
Exterior Features

Construction Wood Frame Exterior Finish Wood Siding Foundation Block Location Historic District Location Type Mainland Lot Description Corner Lot Lot Dimensions 104 X 217 X 105 X 217 Lot Water Features None Parking Driveway PavedPublic Road Type Frontage PavedPublic (City/Cty/St) Roof MetalShingle

Interior Features

Basement Finished - No Cooling System Central Flooring LaminateTileWood Heating System ElectricForced Air Sq Ft Total Available 7720.00 Water Heater Electric

Property Features

Auction No City Limits Yes Cobra Zone No Commercial Features See Remarks Commercial Sub Type Other County Taxes 4275.00 Electric Provider City Of Washington Hoa YN No New Construction No Possession At Closing Property Taxes 9397.00 Sale Lease Includes BuildingsFixturesFurniture Sale Or Lease Sale Secondary Subdivision N/A Sewer Provider City Of Washington Stipulation Of Sale None Tax Year 2020 Terms CashConventional Water Provider City Of Washington Water Sewer Municipal SewerMunicipal Water Zoning B2



Listing information © 2021 NCRMLS
Listing provided courtesy of Maria D. Wilson of Coldwell Banker Coastal Rivers.


© 2021 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2021-09-19T06:55:40.267.
 
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The Rising Tide Team | Intracoastal Realty
1900 Eastwood Road Suite 38
Wilmington NC, 28403