106 N Water Street #907, Wilmington, NC 28401 (MLS # 100533151)
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TOP-FLOOR, turnkey investment opportunity in one of downtown Wilmington's premier riverfront condo buildings. Unit 907 is a fully furnished 1BR/1BA with 585 sq. ft., large enclosed balcony, and unobstructed Cape Fear River views. The property boasts an outstanding rental history (over $35K gross rental income in 2024) with proven demand across short-, medium-, and long-term stays. Key upgrades include a remodeled kitchen and bath plus a new HVAC installed in May 2024. Unlike many comparable units, this condo features a full kitchen, making it attractive to extended-stay tenants such as traveling professionals. HOA permits short-term rentals, a rare distinction in the Historic District, broadening income potential. Property is offered fully furnished and stocked, allowing for immediate income generation. Located on the 9th floor, residents enjoy quiet separation from downtown street activity and some of the best sunset views in Wilmington. Strong guest reviews consistently highlight comfort, views, and location. Ideal for investors seeking a proven, flexible income stream, or for buyers wanting a second home with offsetting rental revenue. Contact listing agent for showing instructions, as unit is frequently occupied.
| DAYS ON MARKET | 4 | LAST UPDATED | 9/27/2025 |
|---|---|---|---|
| TRACT | Water Street Center Condo | YEAR BUILT | 2000 |
| COUNTY | New Hanover | STATUS | Active |
| PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Snipes |
|---|---|
| Jr. High School | Williston |
| High School | New Hanover |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Electric Oven, Refrigerator, Washer |
| BASEMENT | None |
| CONSTRUCTION | Brick, Brick Veneer, Concrete |
| HEAT | Electric, Heat Pump |
| HOA DUES | 4800|Annually |
| INTERIOR | Ceiling Fan(s), Elevator, High Ceilings, Kitchen Island |
| PARKING | Parking Lot, Lighted, Off Street, On Site |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | Water Street Center Condo |
| TAXES | 2443.55 |
| UTILITIES | Sewer Connected, Water Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | River, Water |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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