605-609 Nixon Street
605-609 Nixon Street
Wilmington, NC 28401
$2,490,000
Price
36
Beds
4
Baths
12,000 Sq. Ft.
$208 / Sq. Ft.
12,000
Sq. Ft.
$208
per Sq. Ft.
Description
Presenting 605, 607 and 609 Nixon St. in Downtown Wilmington, consisting of 12 units across three quadruplex condominiums on +/- .70 acres. Each unit contains three bedrooms and one full bath, plus recent renovations including granite counter tops in the kitchens and bathrooms, laminate flooring throughout and tile flooring in the bathrooms. The downstairs units feature fenced patios with outdoor storage closets while the upstairs units have covered balconies with outdoor storage closets. Rents on...Presenting 605, 607 and 609 Nixon St. in Downtown Wilmington, consisting of 12 units across three quadruplex condominiums on +/- .70 acres. Each unit contains three bedrooms and one full bath, plus recent renovations including granite counter tops in the kitchens and bathrooms, laminate flooring throughout and tile flooring in the bathrooms. The downstairs units feature fenced patios with outdoor storage closets while the upstairs units have covered balconies with outdoor storage closets. Rents on five of the units are subsidized with housing vouchers through the Wilmington Housing Authority. The Housing Authority recently approved a currently vacant unit for an 18% rent increase, the seller is in the process of having three others approved at the same rate. The opportunity for future similar increases on the remaining units at lease renewal and turnover provides a generous value add. The tenants are responsible for electric, water, sewer and cable. The property is located adjacent to the popular Brooklyn Arts District in Downtown Wilmington, NC. The immediate area offers access to public parks, medical care, pharmacy, transportation, restaurants and entertainment. The Wilmington MSA is one of the fastest growing in North Carolina--encompassing New Hanover, Brunswick and Pender Counties. Demand for affordable housing is outpacing supply by a wide margin throughout the region, supporting this offering as a durable investment.
- Listed by Eric G Knight • Nest Realty
Property Details for 605-609 Nixon Street
Parking Features
Parking Lot, Lighted, Off Street, On Site, Paved
Subdivision NameDowntown
ZoningR-3
Parking Total.00
WaterfrontNo
Location
Listing Courtesy of Nest Realty
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LISTING UPDATED: 05/17/2024 01:48 PM
Property Details for 605-609 Nixon Street
| Status | Active |
|---|---|
| MLS # | 100443909 |
| Days on Market | 23 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Quadruplex |
| Year Built | 1988 |
| Lot Size | 0.70 AC / 30,492 SF |
| County | New Hanover County |
Location
Listing Courtesy of Nest Realty
Add your commute
Building Information for 605-609 Nixon Street
Stories2Residences-Year Built1988Building Size-Lot Size0.70 AC / 30,492 SF
Payment Calculator
$13,589 per month
30 year fixed, 7.25% Interest
Principal and Interest
$13,589
Property Taxes
—
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 605-609 Nixon Street
Summary
Location and General Information
- City: Wilmington
- State Or Province: NC
- Postal Code: 28401
- County Or Parish: New Hanover
- Directions: N 4th St to Nixon St, property on the left
- Latitude: 34.25
- Longitude: -77.94
- Number Of Units In Community: 4
- City Limits: Yes
- Secondary Subdivision: N/A
- Property Exterior Interior Info: Waterfront: No
- Building Info: Waterview: No
- Property Exterior Interior Info: Location Type: Mainland
- Legal and Taxes: Zoning Details: R-3
Taxes and HOA
- Tax Other Assessment Amount Frequency: None
- Association Fee: $.00
- Tax Legal Description: Multipe Condos
- Tax Book Number: 16
- Tax Map Number: Multiple Condos
- Tax Year: 2023
- Tax Assessed Value: $900,000.00
- Parcel Number: R04809-013-008-000
- Tax Block: 213
- Association: No
- Legal and Taxes: HOA: No
- Legal and Taxes: Cobra Zone: No
- Legal and Taxes: Deed Book: 6437
- Legal and Taxes: Deed Page: 2455.0
- Legal and Taxes: Legal: Multipe Condos
- Legal and Taxes: PID: Multiple Condos
- Legal and Taxes: Plat Book: 16
- Legal and Taxes: Plat Page: 213
- Legal and Taxes: Tax Assessed Value: $900,000.00
- Legal and Taxes: Tax Year: 2023
Parking
- Carport Spaces: .00
- Attached Garage: No
- Attached Garage Spaces: .00
- Detached Garage Spaces: .00
- Total Carport Spaces: .00
- Parking Driveway: Lighted: Yes
- Parking Driveway: Off Street: Yes
- Parking Driveway: On Site: Yes
- Parking Driveway: Paved: Yes
School Information
- Middle Or Junior School: Williston
- High School: New Hanover
- Elementary School: Snipes
- Legal and Taxes: Elementary School: Snipes
- Legal and Taxes: Middle School: Williston
- Legal and Taxes: High School: New Hanover
Property
Lot Information
- Lot Features: Corner Lot
- Lot Size Units: Acres
- Lot Size Acres: 0.7
- Lot Size Area: 0.7
- Lot Size Dimensions: Irregular
- Building Area Total: 12000.0
- Lot Size Square Feet: 30492.0
- Property Exterior Interior Info: Lot Dimensions: Irregular
- Property Exterior Interior Info: Lot Acres: 0.7
- Property Exterior Interior Info: Lot Sq Ft: 30492.0
- Side Unit 1: Avg Sq Ft: 800.0
- Side Unit 2: Avg Sq Ft: 1100.0
- Side Unit 3: Avg Sq Ft: 1100.0
- Side Unit 4: Avg Sq Ft: 1100.0
Property and Assessments
- Structure Type: Wood Frame
- New Construction: No
- Year Built: 1988
- Legal and Taxes: Special Assessments: None
- Construction: Wood Frame: Yes
- Foundation: Slab: Yes
Interior and Exterior Features
Exterior Features
- Stories: 2
- Stories Levels: Two: Yes
- Construction Materials: Brick Veneer, Vinyl Siding
- Roof: Architectural Shingle
- Fencing: Partial, Wood
- Exterior Features: Balcony
- Patio And Porch Features: Patio
- Exterior Finish: Brick Veneer: Yes
- Exterior Finish: Vinyl Siding: Yes
- Fencing: Partial: Yes
- Fencing: Wood: Yes
- Fuel Tank: None: Yes
- Porch Balcony Deck: Balcony: Yes
- Porch Balcony Deck: Patio: Yes
- Roof: Architectural Shingle: Yes
- Foundation Details: Slab
Interior Features
- Levels: Two
- Interior Features: Wash/Dry Connect, Ceiling Fan(s)
- Cooling: Central Air
- Fireplace Features: None
- Heating: Electric, Forced Air, Heat Pump
- Bathrooms Total Integer: 12
- Bathrooms Total Decimal: 12.00
- Bathrooms Total Notational: 12.00
- Cooling: Yes
- Heating: Yes
- Fireplace: No
- Bedrooms Total: 36
- # Baths - Total: 12.00
- Cooling System: Central: Yes
- Heating System: Electric: Yes
Mobile Home
Mobile/Manufactured Home
- Park Manager Name: Yes
Multi Family
Multi-Family Information
- Income Property: Yes
- # Total Units: 4.00
Unit 1
- Total Rooms: 5
- # of Bedrooms: 3
- Full Baths: 1
- Half Baths: 0
- Furnished: No
- Rent: $1,650.00
- Cooling: Central2: Yes
- Heating: Forced Air: Yes
- Rent Frequencys: Monthly: Yes
Unit 2
- Total Rooms: 5
- # of Bedrooms: 3
- Full Baths: 1
- Half Baths: 0
- Furnished: No
- Rent: $1,650.00
- Occupied: Yes
- Cooling: Central: Yes
- Heating: Forced Air: Yes
- Heating: Heat Pump: Yes
- Rent Frequencys: Monthly: Yes
Unit 3
- Total Rooms: 5
- # of Bedrooms: 3
- Full Baths: 1
- Half Baths: 0
- Furnished: No
- Rent: $1,650.00
- Occupied: Yes
- Cooling: Central: Yes
- Heating: Forced Air: Yes
- Heating: Heat Pump: Yes
Unit 4
- Total Rooms: 5.0
- # of Bedrooms: 3
- Full Baths: 1
- Half Baths: 0
- Furnished: No
- Rent: 1650.0
- Occupied: Yes
- Cooling: Central: Yes
- Heating: Forced Air: Yes
- Heating: Heat Pump: Yes
- Rent Frequencys: Monthly: Yes
Rental
Rental Information
- Side Unit 2 Rent Frequency: Monthly: Yes
- Property Exterior Interior Info: Pets: Possible
Property History for 605-609 Nixon Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 605-609 Nixon Street
This home is within New Hanover County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Annie H Snipes Elementary PublicK to 5 | ||
Williston Middle Public6 to 8 | ||
New Hanover High Public9 to 12 | ||
D.C. Virgo Preparatory Academy Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Nest Realty
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