🇺🇸🔥(Wilmington, NC) Prime Turnkey Short Term Rental 🏠💰

Attention real estate investors: Situated in Wilmington's desirable Ogden area, this property is just minutes from Wrightsville Beach, offering strong short-term rental potential. The neighborhood boasts a perfect mix of coastal charm and convenience, with nearby shopping, dining, and recreational spots. Its prime location and easy access to major roads make it an ideal choice for a profitable Airbnb or vacation rental investment.

This property is a unique two-story single-family home featuring separate living spaces on each floor. The first floor offers 2 bedroom and 1 bathroom with its own private entrance, while the second floor includes 3 bedrooms and 1.5 bathrooms, also with a separate entrance. Although not officially registered as a duplex, this layout provides excellent flexibility for multi-generational living, guest accommodations, or rental income opportunities.

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STARTING PRICE: $505,000

ARV: $605,000

Preferred Lender Link

Perfect For:

🌊Short Term Rental

(Purchase Price) $505K + (Rehab) $5K = (Total Investment)
$510K

(Estimated Short Term Rental Income/mo) $6,223

(Estimated Short Term Rental Income/yearly) $74,800

Occupancy Rate: 64% (Airdna.co)

Perfect For:

🛠️Quick Flip

(Purchase Price) $505K + (Rehab) $15K = (Total Investment) $520K

(ARV) $605K - (Total Investment) $520K = (Gross Profit) $85K

ARV Comps:

1️⃣ 322 Lafayette Street, Wilmington, NC 28411

- Sold for $535,000 - Renovated (Smaller) $273 per sqft

2️⃣ 327 Lafayette Street, Wilmington, NC 28411

- Sold for $528,500 - Renovated (Smaller) $292 per sqft

Property Overview:

🛏 5 Bedrooms

🛁 2.5 Bathroom

📏 2,996 Sqft

📅 Built in 1989

Property Details:

🧱Exterior: Vinyl

 🏠Roof: Less than 5 years old, solid with no leaks

💦HVAC: 2 Years Old

Additional Insights:

🚀 Area: Coastal area, good market activity, perfect for STR

🕒 History: Long Term Tenant

🚧 Attention Required: Cosmetic updates

🔄 Occupancy: Currently tenanted- Month to month lease - at $2,800/mo

PLEASE CALL TO SCHEDULE SHOWINGS / FOR MORE INFO. PROPERTY IS CURRENTLY OCCUPIED, DO NOT DISTURB TENANTS. DELAYED CLOSING POSSIBLE.

Reach out to Patrick at 910-597-1777 for any questions!

Closing Date: ASAP

CASH BUYERS / INVESTOR BUYERS PREFERRED. BUYERS WILL CLOSE WITH OUR TITLE COMPANY AND SEND A NON-REFUNDABLE 5K EMD WITHIN 24HRS OF SIGNING THE ASSIGNMENT OF CONTRACT.