Investment opportunity! This 3 bedroom, 2 bath second-level condo in Cape Cottages has a covered balcony overlooking the volleyball court and swimming pool area. The interior features a master suite with a separate shower and Jacuzzi tub. It has a long-term tenant in place paying $1,100 per month and is leased through November 2022. All appliances convey and a home warranty is included. This is a solid investment close to UNCW, the beach, and downtown Wilmington. Current rent is below fair market rental value and the condo will need some cosmetic work when current tenants vacate (mostly paint and flooring). Price reflects the lower rent and work needed to be completed. With the tenant in place, a 24-hour notice to show is required.
These appliances convey with the sale of the condo.
We always recommend calling the school district to verify all schooling opportunities. Not all schools are listed in the Multiple Listing Service.
Founded in 1739, Wilmington is sandwiched between the Cape Fear River and the Atlantic Ocean giving it the best of both worlds – the culture of the historic downtown and the relaxation of beach life. Downtown, visitors can take a carriage ride along the Cape Fear River to view converted historic buildings and quaint Victorian homes or stop at one of the many unique shops and restaurants. On the Atlantic side of New Hanover County, visitors have the choice between Wrightsville Beach, Carolina Beach, and Kure Beach. Click the button to read more.View The Area