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About This Home
This 6-bedroom, 4-bathroom residential multi family at 407 Red Cross Street in Wilmington, NC is listed for $695,000 ($211 per sqft). Built in 1920, the home offers 3,301 sqft of living space on a 0.12 acres lot.
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.
Key Features
- Built in 1920
- 0.12 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$3,717/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
407 Red Cross Street
Wilmington, NC 28401
Historic District
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 6-bedroom, 4-bathroom residential multi family at 407 Red Cross Street is listed at $695,000 ($211/sqft). The estimated monthly payment is $3,012 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.12 acre lot, 2 stories.
This property is listed by Jeffrey G Hovis and can be reached at 9105122205 or jhovis@intracoastalrealty.com.