370 South Kerr Avenue, Unit 105

Wilmington, NC 28403

$2,149,900
Price
—
Beds
12,000 Sq. Ft.
$179 / Sq. Ft.
12,000
Sq. Ft.
$179
per Sq. Ft.

Description

Package of ten condos in a great community in PRIME location of Wilmington, North Carolina. Each unit has 3 beds/3 baths and is located less than a mile to the UNCW campus. Within a mile to plenty of shopping and less than 5 mins to the beach! Spacious bedrooms all with their own private bathrooms and walk-in closets. Ideal as investment properties. All properties currently below market value. How dues are 2400/year for each unit. Property taxes are close to 20k in total. Each property should be...Package of ten condos in a great community in PRIME location of Wilmington, North Carolina. Each unit has 3 beds/3 baths and is located less than a mile to the UNCW campus. Within a mile to plenty of shopping and less than 5 mins to the beach! Spacious bedrooms all with their own private bathrooms and walk-in closets. Ideal as investment properties. All properties currently below market value. How dues are 2400/year for each unit. Property taxes are close to 20k in total. Each property should be able to rent for 2100-2200. 4 units recently vacant and have been turned and ready for rent to be increased. NOI with pro forma is roughly 225k annually. Reach out for more information! 370 s. Kerr Ave. Unit 105 Wilmington, NC 28403 ((tenant occupied until 4/2024) 370 S. Kerr Ave. Unit 106 Wilmington, NC 28403 370 S. Kerr Ave. unit 103 Wilmington, NC 28403 (no washer/dryer) 370 S. Kerr Ave. unit 104 Wilmington, NC 28403 (tenant occupied until 10/14/2023, $1,800) 370 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 11/11/2023, $1,745) 376 S. Kerr Ave. unit 302 Wilmington, NC 28403 (fresh paint for entire unit) 376 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 2/15/2024, $1,575) 376 S. Kerr Ave. unit 305 Wilmington, NC 28403 376 S. Kerr Ave. unit 101 Wilmington, NC 28403 (fresh paint for entire unit, no washer/dryer) 376 S. Kerr Ave. unit 102 Wilmington, NC 28403 We have a total of 10 units in this complex for sale. Possibly more in the future as a package!
  1. Listed by The Domenico Grillo Real Estate Team • Keller Williams Innovate-Wilmington

Property Details for 370 South Kerr Avenue, Unit 105

Subdivision Name
Kerr Crossing
Zoning
RES

Location

Listing Courtesy of Keller Williams Innovate-Wilmington
Add your commute
LISTING UPDATED: 04/01/2024 10:25 PM

Property Details for 370 South Kerr Avenue, Unit 105

StatusActive
MLS #100411313
Days on Market203
Taxes-
HOA Fees$2,400 / year
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family
Year Built2007
Lot Size-
CountyNew Hanover County

Location

Listing Courtesy of Keller Williams Innovate-Wilmington
Add your commute

Building Information for 370 South Kerr Avenue, Unit 105

Stories-Residences-Year Built2007Building Size-Lot Size-

Payment Calculator

$12,039 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,733

Property Taxes

$106

HOA Dues

$200

The Payment Calculator is for illustrative purposes only.

Property Information for 370 South Kerr Avenue, Unit 105

Summary
Location and General Information
  • City: Wilmington
  • State Or Province: NC
  • Postal Code: 28403
  • County Or Parish: New Hanover
  • Directions: College to Randall Parkway, turn left at stoplight onto Kerr Ave, immediately turn right into Kerr Crossing Parking lot (corner of Randall & Kerr)
  • Latitude: 34.23
  • Longitude: -77.89
  • City Limits: Yes
  • Secondary Subdivision: N/A
  • Building Ext Features: Location Type: Mainland
  • Legal and Taxes: Zoning Details: RES
Taxes and HOA
  • Association Name: Kerr Crossing
  • Association Phone: 910-900-7767
  • Tax Other Assessment Amount Frequency: none
  • Association Fee: $2,400.00
  • Tax Legal Description: Unit 105 Bldg 1 Kerr Crossing Child Split From R05507-001-011-000
  • Tax Book Number: 00
  • Tax Map Number: R05507-001-011-005
  • Tax Year: 2022
  • Tax Assessed Value: $.00
  • Parcel Number: R05507-001-011-005
  • Tax Block: 00
  • Association: Yes
  • Legal and Taxes: Cobra Zone: No
  • Legal and Taxes: Deed Book: 6323
  • Legal and Taxes: Deed Page: 1820.0
  • Legal and Taxes: Legal: Unit 105 Bldg 1 Kerr Crossing Child Split From R05507-001-011-000
  • Legal and Taxes: PID: R05507-001-011-005
  • Legal and Taxes: Plat Book: 00
  • Legal and Taxes: Plat Page: 00
  • Legal and Taxes: Tax Assessed Value: $.00
  • Legal and Taxes: Tax Year: 2022
Parking
  • Garage: N/A
Property
Lot Information
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 00
  • Building Area Total: 12000.0
  • Lot Size Square Feet: 0.0
  • Building Ext Features: Lot Dimensions: 00
  • Building Ext Features: Lot Acres: 0.0
  • Building Ext Features: Lot Sq Ft: 0.0
Property and Assessments
  • Documents Available: Bylaws
  • Business Type: Comm Condominium
  • New Construction: No
  • Year Built: 2007
  • Legal and Taxes: Special Assessments: none
  • Sub- Type: Comm Condominium: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Exterior Finish: Vinyl Siding: Yes
Interior Features
  • Flooring: Carpet
  • Heating: Electric
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00
  • Heating: Yes
  • Flooring: Carpet: Yes
  • Heating System: Electric: Yes
Multi Family
Unit 4
  • Owner Pays: See Remarks: Yes

Property History for 370 South Kerr Avenue, Unit 105

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 370 South Kerr Avenue, Unit 105

Taxable ValueLand-Additions$151,100Total-
Tax Record2023$1,277 ($106 / month)
Home Facts
Beds3Baths3Total Finished SqFt1,064 SqFtAbove Grade Finished SqFt1,064 SqFtStories1Lot Size871 SqFtStyleCondominiumYear Built2007ZoningMF-M,MULTI FACountyNEW HANOVERAPNR05507-001-011-005

Schools near 370 South Kerr Avenue, Unit 105

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 - 9 to 12
Rating
School
Distance
Forest Hills Elementary
PublicK to 5

Williston Middle
Public6 to 8

New Hanover High
Public9 to 12

Isaac M Bear High
Public9 to 12

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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370 South Kerr Avenue, Unit 105 is a multi-family home for sale in Wilmington, NC 28403. This property was listed for sale on October 24, 2023 by Keller Williams Innovate-Wilmington, it's currently listed at $2,149,900. It has been on the market for a total of 203 days and was last sold on June 22, 2020. This listing's school district is New Hanover County School District. Nearby schools include Forest Hills Elementary, Williston Middle and New Hanover High. 370 South Kerr Avenue, Unit 105 is a 0-bed, 0-bath, 12,000 sqft multi-family home built in 2007.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Innovate-Wilmington

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