315 S 3rd St, Wilmington, NC 28401

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Building Details:

• Year Built: 1865

315 S 3rd St is located in Wilmington, NC.

Presented for sale is a 3800 square foot 4-unit apartment building located in the heart of downtown Wilmington on 3rd Street between Ann and Nun. The building has a historic plaque and features 3 ample size one-bedroom units ranging in size from 683-870 square feet as well as a large 1500 square foot three-bedroom unit. There is plenty of off street parking on this oversized .28 acre lot – unusually large for a downtown lot. The rental history has been very stable and the building is professionally managed. Downtown shopping and restaurants are just a few blocks away, easy walking distance. Current rent roll is $3460 with very few increases since the depths of the recession in 2009.