4928 Oleander Drive, Wilmington, NC 28403

$325,000
5
BD
4
BA
Sold Price
$325,000
List Price
$350,000
Status
CLOSED
MLS#
100212565
Closing Date
Jun 29, 2020
Days on Market
25
Year Built
1940
Levels
1st Floor
Bedrooms
5
Bathrooms
4
Acres
0.63
Neighborhood
Not In Subdivision
Stipulations
None

Property Description

Great investment opportunity, based on rental income and expense, that comes in at an 8 Cap Rate. Income producing property contains 3 unattached dwellings. Front House is 1146 SF with 3 bedrooms and 2 bathrooms and larger living areas. The Second House is 400 SF with 1 bedroom and 1 bathroom. The Third House is 560 SF with 1 bedroom and 1 bathroom. Plenty of parking and very private. The current annual rental income is $36,000. This property also falls in the residential office area with additional opportunity.

Additional Information

Available Amenities
No Amenities
Interior Features
None
Dining Description
Combination
Cooling
Central, Wall/Window Unit(s)
Heating
Baseboard, Heat Pump
Water Heater
Electric
Floors
Carpet, Laminate, Tile, Wood
Foundation
Crawl Space
Roof
Shingle
Exterior Finish
Asbestos, Vinyl Siding, Wood Siding
Lot Information
Wooded
Lot Water Features
None
Sewer
Municipal Sewer, Municipal Water
Elementary School
Holly Tree
Middle School
Roland Grise
High School
Hoggard

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Intracoastal Realty Corp. Selling Office: Keller Williams Innovate-Wilmington.

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