808 N 5th AvenueWilmington, NC 28401
- Residential Income
- $829,000
- 2,400 SQFT
Great 2-unit building with very strong Annual Income of $68,000 w./ greater potential income...In an amazing location...Great opportunity for strong passive income... Many opportunities such as: rent unit# 1 & use unit# 2 as your posh downtown crash pad. Or rent both units... Built to be a very LOW maintenance property; with lots of off-street parking in an amazing location! Walking distance to everything! Walk to all amenities downtown including: Live Oak Amphitheater, Social District on N 4th St, Riverwalk, CFCC, all the thriving restaurants, breweries & other exciting amenities downtown. The amazing location is very beneficial w/ Airbnb rentals...Unit 1 is already a nice Airbnb & Unit 2 has easy/ great tenants! This isa TURNKEY PROPERTY!! Furnishings can come with sale. Great property, especially when compared to other multi-family & condos that are selling downtown. Get 2 units that are low maintenance in outstanding location & has lots off street parking, at a much better price !! ( as compared to others that are selling ) A big plus is: FHA allows rent from Unit2 to be used as INCOME to help w/ mortgage approval. Income potential is based on past income. Designed & built as a modern 2-unit building, the units offer all the modern features like open floor plans & master suites w/ bathrooms. Unlike many of homes downtown that are a 100 years old, & have many ''old house'' issues....This one was built to modern building codes & standards. This is NOT like other homes downtown that were single-family homes that were ''cut up'' & ''converted'' into 2 awkward units....Can build detached garage. Other highlights: big CHARLESTON-STYLE PORCH, hardwoods, no carpet, open floor plan, amazing upper porch looks down beautifully tree-lined 5th Ave &huge backyard!.. Rare opportunity to own 2-unit building in awesome location Existing rent can help w/ financing. Turnkey with strong rents & ready to go. Very easy to show!! ...Come see it today...Call for more info.
- Last Checked
- 1 minute ago
- Last Updated
- Apr 04, 2025
- Days on Website
- 20
Property Details for 808 N 5th Avenue
808 N 5th Avenue is a residential_income commercial space for sale in Wilmington, NC 28401.
Rooms
- Bedrooms:
- 6
Exterior
- Features:
- Lighting
- Patio:
- Covered, Deck, Porch
- Fencing:
- None
Heating & Cooling
- Cooling:
- Yes, Central Air
- Heating:
- Yes, Heat Pump, Electric, Forced Air
- Fireplace:
- No, None
Building
- Type:
- Commercial, Residential Income
- Design:
- Wood Frame
- Year Built:
- 2002
- New Construction:
- No
- Construction Materials:
- Vinyl Siding
- Roof:
- Shingle
- Foundation:
- Slab
- Total SQFT:
- 2400
- Stories:
- 2
- Levels:
- One, Two
Includes
- Number of Units:
- 2
Schools
- Elementary School:
- Snipes
- Middle School:
- Williston
- High School:
- New Hanover
Status
- MLS ID:
- 100498704
- Status:
- Active
- Published Date:
- Thursday, April 3, 2025 (20 Days Ago)
Bathrooms
- Bathrooms:
- 4
Interior
- Features:
- Master Downstairs, 9Ft+ Ceilings, Ceiling Fan(s), Pantry
- Flooring:
- LVT/LVP, Wood
Parking
- Features:
- See Remarks, Off Street
- Attached Garage:
- No
Lot
- Acres:
- 0.12
- Total SQFT:
- 5,227
- Dimensions:
- Irr
- Parcel Number:
- R04813-003-005-000
- Road Frontage:
- City Street, State Road
- Road Surface:
- Paved
- Zoning:
- r-3
Community
- Subdivision:
- Not In Subdivision
- County:
- New Hanover
- Waterfront:
- No
Address
- Street Number:
- 808
- Street Prefix Directional:
- N
- Street Name:
- 5th
- City:
- Wilmington
- State:
- NC
- Zip:
- 28401
- Directions:
- North 3rd street right on Brunswick St left on North 5th
- Coordinates:
- -77.944175, 34.245097
Pricing
- Type:
- Sale
- List Price:
- $829,000
Please contact Mike Lardieri at Homes For Sale in Wilmington direct by phone at 910-538-7767. You may also reach Homes For Sale in Wilmington by phone at 910-538-7767.
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Listing Provider for 808 N 5th Avenue
Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
- Agent:
- Mike Lardieri
- Agent Phone Number:
- 910-538-7767
- Office:
- Homes For Sale in Wilmington
- Office Phone Number:
- 910-538-7767
- MLS ID:
- 100498704
- Data Source:
- Hive MLS
- Last Checked:
- 1 minute ago
- Last Updated:
- April 4, 2025 7:15 AM UTC
- Days on Site:
- 20
