Wilmington, NC 28401 719 Princess Street
$1,324,000
97 more
Presented By: Jeffrey G Hovis with Intracoastal Realty Corporation.
SQFT • 4,848
Home Details
8-unit mixed-use property located near Wilmington's Historic District, Downtown, and the Soda Pop District. Built in 1900 with extensive renovations completed 2021-2022. Updates include full interior improvements with each residential unit uniquely finished. Property is in the UMX zoning district. Configuration includes 1 retail space, 4 one-bedroom units, 2 studio units, and 1 two-bedroom unit. Annual rental income approx. $124,000. Strong rental history and turnkey investment opportunity in a high-demand urban location.
Presented By: Jeffrey G Hovis with Intracoastal Realty Corporation.
Interior Features for 719 Princess Street
Bathrooms
Total Baths
Other Interior Features
SmokingYNNo
Air Conditioning Y/NYes
Attic FeaturesAccess Only
BasementNone
Basement (Y/N)No
Ceiling Height9
Fireplace Y/NNo
FlooringLVT/LVP, Carpet, Tile, Wood
Heating Y/NYes
Water HeaterElectric
General for 719 Princess Street
Association AmenitiesNone
Attached Garage No
Availability Date2025-11-30
Business TypeMixed, Retail, Commercial
Carport Y/NNo
CityWilmington
Construction MaterialsWood Siding, Wood Frame
CoolingCentral Air, Wall/Window Unit(s)
CountyNew Hanover
Current UseRetail, Multi-Family, Rental and Retail
DirectionsTake Market Street east out of downtown. Turn left on Tenth Street, turn left on Princess. Property is on the corner of Princess and N 8th Street. Street parking only.
Garage Y/NNo
Gross Income124200.0
HOANo
HeatingElectric, Forced Air, Natural Gas
Home Warranty Y/NNo
In City Limits? (Y/N)Yes
Insurance Expense6400.0
IslandOrMainlandMainland
Land Lease Y/NNo
Lease Considered Y/NNo
Lease TypeSee Remarks
Legal DescriptionPt Lot 55 Blk 184 Wilm
LocationGen Bus District
Lot Size Square Feet3441.0
Lot Size UnitsAcres
Net Operating Income96468.0
New ConstructionNo
Number Of Units Total0
Occupancy90.0
Parcel NumberR04817-022-009-000
PossessionClose Of Escrow, Subject To Tenant Rights, At Closing
Property Attached Y/NNo
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofShingle
Standard StatusActive
StatusActive
Structure TypeWood Frame
Subdivision NameNot In Subdivision
Tax Assessed Value1521500
Tax Year2025
Taxes$8,954
UtilitiesNatural Gas Connected, Electricity Connected
Waterfront FeaturesNone
Year Built1900
ZoningUMX
Exterior for 719 Princess Street
Building Area Total4848.0
Crops Included Y/NNo
Exterior FinishWood Siding
Foundation DetailsCrawl Space
Horse Y/NNo
Lot Dimensions45 x 56 x 45 x 56
Lot FeaturesCorner Lot
Lot Size Acres0.08
Lot Size Area0.08
Parking FeaturesOn Street
Road Frontage Type2 - 3 Lanes
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
