Description
Investment opportunity! This 3 bedroom, 2 bath second-level condo in Cape Cottages has a covered balcony overlooking the volleyball court and swimming pool area. The interior features a master suite with a separate shower and Jacuzzi tub. It has a long-term tenant in place paying $1,100 per month and is leased through November 2022. All appliances convey and a home warranty is included. This is a solid investment close to UNCW, the beach, and downtown Wilmington. Current rent is below fair market rental value and the condo will need some cosmetic work when current tenants vacate (mostly paint and flooring). Price reflects the lower rent and work needed to be completed. With the tenant in place, a 24-hour notice to show is required.
Property Highlights
- Pool
- Association Fee: $3,120
- Property Type: Condo/Co-op, Condominium
- MLS #: 100304378
| HOA Fee |
$3,120 |
| Home Warranty |
Yes |
| Property Subtype |
Residential |
| Property Type |
Condominium |
| Subdivision |
Cape Cottages |
| Full Baths |
2 |
| Total Baths |
2 |
| Total Beds |
3 |
| Interior Square Footage |
1,308 |
| Lot Size Dimension |
condo |
| Rooms |
7 |
3D Tour
