621 North 11th Street

Wilmington, NC 28401

$3,975,000
Last Sold Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

20 door portfolio consisting 14, 3 bedrooms. and 6, 2 bedrooms. Currently has a rental income amount of $332,928. All rents are currently below market value by a large amount. Fair market value with approved government funded numbers ready for rent increases puts the pro forma at a rental income amount of $482,400. All utilities are in the tenants name. Reach out and we can provide you with rent roll, and approved s8 government funded worksheet.20 door portfolio consisting 14, 3 bedrooms. and 6, 2 bedrooms. Currently has a rental income amount of $332,928. All rents are currently below market value by a large amount. Fair market value with approved government funded numbers ready for rent increases puts the pro forma at a rental income amount of $482,400. All utilities are in the tenants name. Reach out and we can provide you with rent roll, and approved s8 government funded worksheet.
  1. Listed by The Domenico Grillo Real Estate Team • Keller Williams Innovate-Wilmington

Property Details for 621 North 11th Street

Subdivision Name
Not In Subdivision
Zoning
R-3
LISTING UPDATED: 01/01/2025 01:04 AM

Property Details for 621 North 11th Street

StatusClosed
MLS #100427097
Days on Market290
Taxes$754 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family
Year Built1948
Lot Size-
CountyNew Hanover County

Building Information for 621 North 11th Street

Stories-Residences-Year Built1948Building Size-Lot Size-

Property Information for 621 North 11th Street

Summary
Location and General Information
  • City: Wilmington
  • State Or Province: NC
  • Postal Code: 28401
  • County Or Parish: New Hanover
  • Directions: South on Market Street towards downtown. Right onto 23rd St. Left onto Princess Place Drive, Right onto N 11th St, Continue on King St, property is on the corner of King and Wynnwood St.
  • Latitude: 34.24
  • Longitude: -77.94
  • City Limits: Yes
  • Secondary Subdivision: N/A
  • Building Ext Features: 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: Lot 8 Blk 5 Love Grove
  • Tax Book Number: 00
  • Tax Map Number: R04806-002-008-000
  • Tax Year: 2023
  • Tax Assessed Value: $89,200.00
  • Parcel Number: R04814-010-018-000
  • Tax Block: 00
  • Tax Annual Amount: $753.74
  • Legal and Taxes: Cobra Zone: No
  • Legal and Taxes: Deed Book: 6350
  • Legal and Taxes: Deed Page: 634.0
  • Legal and Taxes: Legal: Lot 8 Blk 5 Love Grove
  • Legal and Taxes: PID: R04806-002-008-000
  • Legal and Taxes: Plat Book: 00
  • Legal and Taxes: Plat Page: 00
  • Legal and Taxes: Tax Assessed Value: $89,200.00
  • Legal and Taxes: Total Real Estate Property Taxes: $753.74
  • Legal and Taxes: Tax Year: 2023
Parking
  • Garage: N/A
Property
Lot Information
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: irregular
  • Building Area Total: 0.0
  • Lot Size Square Feet: 0.0
  • Building Ext Features: Lot Dimensions: irregular
  • Building Ext Features: Lot Acres: 0.0
  • Building Ext Features: Lot Sq Ft: 0.0
  • Sq Ft - Total Available: 0.0
Property and Assessments
  • Current Use: Multi-Family
  • New Construction: No
  • Year Built: 1948
  • Legal and Taxes: Special Assessments: None
Interior and Exterior Features
Interior Features
  • Heating: Electric
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00
  • Heating: Yes
  • Heating System: Electric: Yes
Multi Family
Unit 4
  • Owner Pays: See Remarks: Yes

Property History for 621 North 11th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 621 North 11th Street

Taxable ValueLand$32,200Additions$67,000Total$99,200
Tax Record2024$863 ($72 / month)
Home Facts
Beds2Baths1Total Finished SqFt836 SqFtAbove Grade Finished SqFt836 SqFtStories1Lot Size4,356 SqFtStyleSingle Family ResidenceYear Built1930Year Renovated2021ZoningR-3,RESIDENTICountyNEW HANOVERAPNR04814-010-018-000

Schools near 621 North 11th 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.

Similar Homes

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Similar Sold Homes

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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Innovate-Wilmington

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 01/01/2025 01:04 AM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Compass shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2025 Hive MLS