Confederate Apartments

422 South 3rd Street, Wilmington NC 28401

$ 1,800,000

Confederate Apartments

422 South 3rd Street, Wilmington NC 28401
ASSET TYPEMid-Rise Apartments
PRICE$ 1,800,000
PER UNIT$ 105,882
TOTAL UNITS17
OCCUPANCY94%
YEAR BUILT1909
MARKETDowntown Wilmington
STATUSIn Contract

Highlights

➤ Unique 17-unit apartment building in the heart of historic Downtown Wilmington, North Carolina

➤ Walkable living, just follow the cobblestone streets to Wilmington’s finest dining, attractions and entertainment

➤ True value-add opportunity with long-term, self-managing ownership and rents well below market rate

➤ Take advantage of this extremely rare opportunity, since buildings like this almost never come up for sale in Wilmington

➤ Enjoy a well-balanced unit mix, tons of historic charm, significant upside opportunity and a rapidly appreciating market

Photos

Financials

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Location

Contact

Mike Siciliano

919.861.9730 x2
Mike@ApartmentCore.com