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Island Updates – Oak Island NC

Island Updates – Oak Island NC

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Property

Wilmington, NC 28401 808 N 5th Avenue

$829,000

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Presented By: Homes For Sale in Wilmington
  • Cape Fear REALTORS
  • MLS# 100498704
  • 04/03/2025
  • Request Tour
  • Request Info
  • Beds • 6
  • Full/Half Baths • 4 / 2

Home Details

Great 2-unit building with very strong Annual Income of $68,000 w./ greater potential income...In an amazing location...Great opportunity for strong passive income... Many opportunities such as: rent unit# 1 & use unit# 2 as your posh downtown crash pad. Or rent both units... Built to be a very LOW maintenance property; with lots of off-street parking in an amazing location! Walking distance to everything! Walk to all amenities downtown including: Live Oak Amphitheater, Social District on N 4th St, Riverwalk, CFCC, all the thriving restaurants, breweries & other exciting amenities downtown. The amazing location is very beneficial w/ Airbnb rentals...Unit 1 is already a nice Airbnb & Unit 2 has easy/ great tenants! This isa TURNKEY PROPERTY!! Furnishings can come with sale. Great property, especially when compared to other multi-family & condos that are selling downtown. Get 2 units that are low maintenance in outstanding location & has lots off street parking, at a much better price !! ( as compared to others that are selling ) A big plus is: FHA allows rent from Unit2 to be used as INCOME to help w/ mortgage approval. Income potential is based on past income. Designed & built as a modern 2-unit building, the units offer all the modern features like open floor plans & master suites w/ bathrooms. Unlike many of homes downtown that are a 100 years old, & have many ''old house'' issues....This one was built to modern building codes & standards. This is NOT like other homes downtown that were single-family homes that were ''cut up'' & ''converted'' into 2 awkward units....Can build detached garage. Other highlights: big CHARLESTON-STYLE PORCH, hardwoods, no carpet, open floor plan, amazing upper porch looks down beautifully tree-lined 5th Ave &huge backyard!.. Rare opportunity to own 2-unit building in awesome location Existing rent can help w/ financing. Turnkey with strong rents & ready to go. Very easy to show!! ...Come see it today...Call for more info.
Presented By: Homes For Sale in Wilmington

Interior Features for 808 N 5th Avenue

Bedrooms

Total Bedrooms6

Bathrooms

Total Bathrooms4.00

Other Interior Features

# Total Units2
FireplaceNone
FlooringLVT/LVP, Wood
Interior FeaturesCeiling Fan(s), Pantry, Master Downstairs, High Ceilings
List Price/SqFt345.42
Stories1st Floor, 2nd Floor

Other Rooms

Dining RoomCombination

General for 808 N 5th Avenue

CityWilmington
City LimitsYes
Cobra ZoneNo
ConstructionWood Frame
CoolingCentral Air, Heat Pump
CountyNew Hanover
Days on Market71
Geo Lat34.245097
Geo Lon-77.944175
HOA and Neigh AmenitiesSee Remarks
HeatingForced Air, Heat Pump
Legal DescriptionPt Lot 4 Blk 280 Wilm
Listing Member NameMike Lardieri
Location TypeMainland
Lot Sqft5227.00
ModificationTimestamp2025-04-04T02:15:07
New ConstructionNo
Property TypeC
RoofShingle
Secondary SubdivisionN/A
Special AssessmentsNo
StatusActive
Stipulation of SaleStandard
Stories2.0
Sub-TypeDuplex
SubdivisionNot In Subdivision
Tax Assessed Value343900.00
Tax Year2024
WaterviewNo
Year Built2002
Zoningr-3

Exterior for 808 N 5th Avenue

Attached Carport Spaces0.00
Detached Carport Spaces0.00
Exterior FinishVinyl Siding
FencingNone
FoundationSlab
Fuel TankNone
Garage & Parking: Total # Garage Spaces0.00
Garage & Parking: Total Carport Spaces0.00
Lot Acres0.12
Lot DimensionsIrr
MLS Identifier20150918160742258811000000
Parking FeaturesOff Street, See Remarks
Patio and Porch FeaturesCovered, Porch, Deck
Road Type/FrontagePaved, Public (City/Cty/St)
WaterfrontNo

Additional Details

Price History

Brian Inskip

North Carolina Coastal Real Estate Expert
Price $829,000
MLS#100498704
List Date 04/03/2025
Property Type Multi-Family
Phone 910.622.4576
Request Tour
Request Info
Visit My Website

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