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407 Red Cross St - 407 Red Cross Street 4 Unit Apartment Building Offered at $968,024 CAD Wilmington, NC 28401
Executive Summary
This four-unit income-producing property is ideally located in the Historic Mixed-Use District of downtown Wilmington, just blocks from the Riverwalk and within close proximity to shopping, dining, entertainment, and local businesses. The fully leased building features a desirable unit mix of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, providing steady rental income. With strong occupancy already in place, this property presents an excellent investment opportunity. There is significant upside potential for increased returns through strategic upgrades and improvements, making it an ideal option for investors looking to add value in a prime downtown location.
Property Facts
| Price | $968,024 CAD | Property Type | Multifamily |
| Price Per Unit | $242,006 CAD | Building Size | 3,301 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built | 1920 |
| Price | $968,024 CAD |
| Price Per Unit | $242,006 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Size | 3,301 SF |
| No. Stories | 2 |
| Year Built | 1920 |
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
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407 Red Cross St - 407 Red Cross Street
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