942-944 Bonham Ave - Apartments FOR SALE


Wilmington, NC 28403
$2,495,000 USD
910-512-2205
942-944 Bonham Ave, Wilmington, NC for Sale
$2,495,000 USD
Apartments - FOR SALE
1/24
null | 6% Cap Rate

942-944 Bonham Ave
Wilmington, NC 28403


HIGHLIGHTS

  • 100% occupied, Centrally Located

OVERVIEW

Bonham Bay Townhomes are conveniently located in the Mid-Town area of Wilmington North Carolina. This property has good occupancy rates and is seeing increasing rent rates too. Bonham Bay Townhomes consists of 11 townhome units, all of which are approximately 1,000 square feet in size. Each unit has two bedrooms, two full bathrooms, powder room, private entry, outdoor patio, and off-street parking. The property is located close to Downtown Wilmington, UNCW, CFCC, Shopping, Entertainment, Medical Services, Public Transportation, Beaches and so much more. The current owners have upgraded the units, stabilized rents, and opened the opportunity to grow this investment. Property is currently managed professionally, and operations are turnkey for the next investor. The Multifamily zoning classification opens development opportunities. Complete financial information is available from the listing agent.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$216 USD /SF

# OF UNITS

11

PRICE/UNIT

$226,818

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bonham Bay Townhouses

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

MF-M

APN/PARCEL ID

R05514-001-024-000

ASK ABOUT THIS PROPERTY

Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

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Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.