1504 Orange Street , Wilmington, NC 28401
Wilmington, NC 28401
Description
Turnkey investment opportunity in the heart of Wilmington! This permitted duplex-style property is ideal for investors, house hackers, or flexible living arrangements. The main house features two bedrooms, one bath, and a brand-new kitchen with washer/dryer, fridge, stove, and dishwasher. The attached studio, with its own private entrance, offers a full kitchen and bath, perfect for rental income or a guest suite. This property is fully furnished and has generated $40,000 in rental revenue over the past 12 months from a mix of month-to-month and short-term rentals. Recent updates include HVAC modifications, a new mini-split for the studio, sealed crawl space with dehumidifier, Foamax insulation, and a 20-foot sewer line replacement. The back gate has been widened for easy access, and both HVAC systems were serviced in September 2024. With a certificate of occupancy post-renovation, this property is ready to generate income from day one. Located in a highly walkable area, this home is just minutes from Wilmington's booming Cargo District, a creative hub filled with breweries, coffee shops, boutiques, and repurposed shipping container spaces. It's also a short walk to Castle Street's thriving arts and dining scene, home to vintage shops, local galleries, and some of the city's most talked-about restaurants. Easy access to downtown, the Riverwalk, and area beaches makes this an ideal location for both residents and renters alike. Don't miss this prime investment in one of Wilmington's most sought-after areas!
Details
| MLS# | 100496102 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 32 |
| Listing Provided By | eXp Realty | Aspyre Realty Group |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 |
| N/A | 1,288 |
| Basement | Y |
| Story(s) | 1 |
| Units | 2 |
| Zoning | R-5 |
| Acreage | 0.10 |
Market Activity 28401
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Learn More About This Property
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Area | New Hanover |
| Community Name | Not In Subdivision |
| School District | Hoggard |
| Elementary School | Snipes |
| Middle School | Williston |
| High School | Hoggard |
| Listing VS Median (In Not In Subdivision) | |
Price: $539,000 low | high Med: $290,000 SqFt: 1,288 low | high Med: 1,372 $ / SqFt: $418 low | high Med: $212 On site: 32 low | high Med: 53 | |