808 N 5th Avenue,Wilmington, NC 28401
Wilmington, NC 28401
Description
A rare opportunity to own a 2-unit building WALKIG DISTANCE to Live Oak amphitheater & all the best downtown attractions. The property next door at 810 N 5th just SOLD for $1,042,000....808 N 5th has same number of bedrooms & bathrooms. 808 N 5th also has much more off-street parking, big backyard & Unit # 1 is already fully furnished! Yet, we are priced significantly lower than the sale price for property next door! Great 1031 opportunity! Huge cash flow opportunities. Many options: Live in one unit & Airbnb one. Or rent both. Many beautiful renovations were just completed at 808 N 5th including: A completely NEW KITCHEN with HUGH QUARTZ ISLAND, new cabinets, backsplash, pendant lighting, new appliances, all freshly refinished hardwood floors, new bathrooms with new vanities, lighting, fixtures , floors, & many more renovations. Unit #1 is fully furnished! It's a ''TURKEY AIRBNB'' ready to go. It's nicely furnished & has everything you need. Easy to show... Come see all the new renovation... OUTSTANDING LOCATION in the Brooklyn Arts District, walking distance to all great downtown amenities: restaurants, concert venues, Riverwalk, Cape Fear Community College, parks marinas, breweries , the social district, etc... Built in the early 2000s these units have all the modern features that newer properties offer like open floor plans & suites w/ baths. Unlike many other downtown homes that are over 100 years old, & have many ''old house'' problems, this one was built in the 2000s to modern building codes & standards. VERY LOW MAINTENANCE 2-unit property. Each unit has 3 bedrooms & 2 baths. Some highlights include new kitchen, quartz countertops, new vanities, refinished hardwoods, new lighting, tons of off-street parking, a giant Charleston-Style Porch, suites w/ baths/ walk-in closets, tons of off-street parking, hardwood & LVP flooring, no carpet, full laundry room, an opportunity to build a detached garage, an amazing porch that looks down beautiful tree-lined 5th Ave & a big backyard! This property was designed & built as a modern 2-unit building. This is NOT like many other homes downtown that were single-family homes, an ''cut-up / converted'' into 2 awkward units. This was built as a 2-unit building. As mentioned, the home next door sold for $1,042,000. Many options are available with this 2-unit building. Unit #1 fully ready to go Airbnb! A similar, actively managed Airbnb single unit on the street grossed over $48,000 in a prior year! Just for one unit. Current owner had a medium-term rental in Unit #1 for $3500 per month before all the recent renovations. So, it has even more potential now! Unit #2 has active cash flow. It has a great tenant that can stay, or go after couple months. There is great options & flexibility here! Live in one unit & rent one; use one unit for Airbnb and rent Unit 2 long-term; or rent both for short / medium term. Rare opportunity to own a modern 2-unit building downtown in one of the best locations... Walking distance to everything.... This one won't last long...Come see today while we are keeping the furnished unit vacant for serval weeks for showings....Very easy to show....Call for more details & info.
Details
| MLS # | 100564082 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 2002 |
| Days On Site | 152 |
| Listing Provided By | Homes For Sale in Wilmington | Mike Lardieri |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,455 |
| Story(s) | 2 |
| Units | 2 |
| Zoning | r-3 |
| Acreage | 0.12 |
| Property View | None |
Interior
| Interior Features | Master Downstairs, High Ceilings, Ceiling Fan(s), Pantry |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Heat Pump |
| Furnished | Partially |
Exterior
| Roof | Shingle |
|---|---|
| Foundation Details | Slab |
| View | None |
| Construction Materials | Vinyl Siding, Wood Frame |
| Security Features | Security Lights |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | See Remarks, Off Street |
Taxes
| Tax Assessed Value | 526300 |
|---|---|
| Tax Book Number | 0 |
| Tax Legal Description | Pt Lot 4 Blk 280 Wilm |
| Tax Year | 2025 |
Area Information
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Elementary School | Snipes |
| High School | New Hanover |
| Listing VS Median (in 28401) | |
Price: $859,000 low | high Med: $375,000 sqft: 2,455 low | high Med: 1,495 $ / sqft: $350 low | high Med: $251 On site: 152 low | high Med: 18 | |
Market Activity 28401
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Learn More About This Property
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Elementary School | Snipes |
| High School | New Hanover |
| Listing VS Median (in 28401) | |
Price: $859,000 low | high Med: $375,000 sqft: 2,455 low | high Med: 1,495 $ / sqft: $350 low | high Med: $251 On site: 152 low | high Med: 18 | |
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