🏡 Investment Opportunity in Wilmington, NC!
📍 922 S 2nd St, Wilmington, NC 28401
💰 Price: $175,000 (Includes $10k Assignment Fee)
Property Details:
Beds/Baths: 2 Bed / 1 Bath
EMD: $100 | Due Diligence: $500
Inspection Period: 14 Days | Closing: 30 Days
Comp:
Nearby property at 1015 S 2nd St (3 Bed / 2 Bath) recently sold for $280k. Adjusting for the added bed and bath, this property’s ARV is conservatively $260k. Given the prime location—close to downtown and Front St., in a walkable area with a new apartment complex nearby—it has great potential as an Airbnb. With the right touches, $280k ARV is realistic.
Estimated Rehab: $30k
Updates Needed:
Flooring
Countertops
Full Bathroom Remodel (vanity, tiled shower)
Interior & Exterior Paint
Central Heating & Air Installation
Vapor Barrier in Crawl Space
Landscaping
Existing Highlights:
Newer Tankless Water Heater (2022)
Sink and Faucet in Great Condition
Newer Cabinets—can be retained
Roof in Good Condition
📸 View Photos: https://drive.google.com/.../1e0vbNuCpY1RxmzdSrDBh6yIh1LT...
This is a solid property with excellent returns in a rapidly growing market. Get in touch for more details or to schedule a walkthrough!