1002 Grace Street, Wilmington, NC, 28401 - 1002 Grace St, Wilmington, NC 28401

Fully rented 7 unit apartment building in up and coming area of downtown Wilmington. New roof in 2016 - 30 year architectural shingles; HVAC's all good with one new in 2019 and two new in 2020. This heat and air conditioning system is efficient and inexpensive to run. A pump supplies water from a well for the heat and air conditioning. There are three 3 bedroom 1 bath units and four 2 bedroom 1 bath units. Almost 100% occupancy in the past 6 years. Long term tenants. Super easy to fill if there is a vacancy. Potential to raise the rent. Easily add a washer and dryer to the basement for additional income. This property has been a great income producing property for the seller for many years. Take note it is located across the street from Portia Mills Hines Park. Ask for financials.