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Sold

406 Grace Street

406 Grace Street, Wilmington, NC 28401

$595,000
Unique opportunity to own a triplex in the heart of Historic Downtown Wilmington with washer/dryer connections and a full kitchen in each and only 4 short blocks to the river--rent long or possibly short term! Walking distance to some of Wilmington's favorite restaurants, stores, and the Live Oak Pavilion is only .9 miles away. So much potential with tons of character. Off street parking spot available with a shared drive. All refrigerators, stoves, washer and dryers convey, along with a transferrable termite bond and home warranty. Top Apartment has 3 bedrooms/2bathrooms; Downstairs Apartment Has 2 bedrooms/1 bathroom; and Back Apartment has 2 Bedroom/1.5 bathrooms. Vacant and no leases in place so start making money immediately! (Buyer to verify short term rental ability at time of contract and closing. It changes all the time, but as of the list date, it was able to be a short term rental.)

7
beds

4.1
baths

4,095 Sq.Ft. lot

Features & Amenities

Interior

  • total bedrooms7
  • Total bathrooms4.1
  • Flooring Carpet, Tile, Wood
  • APPLIANCES Dishwasher, Dryer, Refrigerator, Stove/Oven - Electric, Washer
  • other interior Features 9 Ft Ceilings, Wash/Dry Connect

Area & Lot

  • Status Sold
  • Lot Area4,095 Sq.Ft.
  • MLS® ID100304775
  • TypeMulti-Family
  • YEAR BUILT1900
  • NeighborhoodWilmington / Wrightsville Beach
  • View DescriptionNo
  • Elementary SchoolSnipes
  • Middle SchoolWilliston
  • High SchoolNew Hanover

Exterior

  • utilitiesMunicipal Sewer, Municipal Water, Natural Gas Available
  • roofMetal
  • parkingDirt, Off Street, Shared
  • HEAT TYPEGas Pack, Heat Pump
  • AIR CONDITIONINGCentral
  • SubstructureWood Frame
  • HOA AmenitiesNo Amenities, Termite Bond
  • Green featuresNone
  • other exterior FeaturesNone

Financial

  • Sales Price$595,000
  • Real Estate Tax $1,700/yr
  • Zoning HD-MU

Wilmington / Wrightsville Beach

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Work With Us

The Chris Luther Real Estate Team will walk you through every step of the process from getting you pre-approved with a mortgage lender all the way through contract, inspections, and closing. Our team is committed to being your real estate advisory team for life.

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