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335 Lullwater Dr - UNCW Rental Home or Group Home 1,650 SF Specialty Building Offered at $449,963 CAD at a 9.23% Cap Rate in Wilmington, NC 28403
INVESTMENT HIGHLIGHTS
- Great residential property near UNC Wilmington Campus.
- The property is uniquely designated as a Group Home earning great rents.
EXECUTIVE SUMMARY
***Recently Reduced*** Prime investment property in midtown Wilmington, less than 1 mile from UNC-Wilmington campus and 5 miles to Wrightsville Beach. Designated as a group home by the City of Wilmington, it opens greater rent income. The property is priced below tax value. This home has always attracted great long-term tenants.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $449,963 CAD | Building Class | C |
| Price Per SF | $272.70 CAD | Lot Size | 0.58 AC |
| Sale Type | Investment | Building Size | 1,650 SF |
| Cap Rate | 9.23% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1954 |
| Property Subtype | Residential Income | Parking Ratio | 3.03/1,000 SF |
| Zoning | R-10 - This home is designated as a group home by the city of Wilmington. | ||
| Price | $449,963 CAD |
| Price Per SF | $272.70 CAD |
| Sale Type | Investment |
| Cap Rate | 9.23% |
| Property Type | Specialty |
| Property Subtype | Residential Income |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 1,650 SF |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 3.03/1,000 SF |
| Zoning | R-10 - This home is designated as a group home by the city of Wilmington. |
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335 Lullwater Dr - UNCW Rental Home or Group Home
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