942 Bonham Avenue
Wilmington, NC 28403
$2,495,000
Price
—
Beds
11,534 Sq. Ft.
$216 / Sq. Ft.
11,534
Sq. Ft.
$216
per Sq. Ft.
Description
Bonham Bay Townhomes are conveniently located in the Mid-Town area of Wilmington North Carolina. This multifamily investment is currently 100% occupied. Bonham Bay Townhomes consists of 11 townhome units, all of which are approximately 1,000 square feet in size. Each unit has two bedrooms, two full bathrooms, powder room, private entry, outdoor patio, and off-street parking. The property is located close to Downtown Wilmington, UNCW, CFCC, Shopping, Entertainment, Medical Services, Public Transportation,...Bonham Bay Townhomes are conveniently located in the Mid-Town area of Wilmington North Carolina. This multifamily investment is currently 100% occupied. Bonham Bay Townhomes consists of 11 townhome units, all of which are approximately 1,000 square feet in size. Each unit has two bedrooms, two full bathrooms, powder room, private entry, outdoor patio, and off-street parking. The property is located close to Downtown Wilmington, UNCW, CFCC, Shopping, Entertainment, Medical Services, Public Transportation, Beaches and so much more. The current owners have upgraded the units, stabilized rents, and opened the opportunity to grow this investment. Property is currently managed professionally, and operations are turnkey for the next investor. The Multifamily zoning classification opens development opportunities. Complete financial information is available from the listing agent.
- Listed by Jeffrey G Hovis • Intracoastal Realty Corp
- Listed by Sky Grainger • Intracoastal Realty Corp
Property Details for 942 Bonham Avenue
Parking Features
Private, Parking Lot, Asphalt, Off Street
Subdivision NameHighwood Park
ZoningMF-M
Parking Total25.00
LISTING UPDATED: 09/26/2024 06:34 AM
Property Details for 942 Bonham Avenue
| Status | Active |
|---|---|
| MLS # | 100423191 |
| Days on Market | 279 |
| Taxes | $9,853 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi-Family |
| Year Built | 1991 |
| Lot Size | 0.65 AC / 28,227 SF |
| County | New Hanover County |
Building Information for 942 Bonham Avenue
Stories-Residences-Year Built1991Building Size-Lot Size0.65 AC / 28,227 SF
Property Information for 942 Bonham Avenue
Summary
Location and General Information
- City: Wilmington
- State Or Province: NC
- Postal Code: 28403
- County Or Parish: New Hanover
- Directions: From Market Street, take Covil Avenue south, turn left on to Wrightsville Avenue. Turn left on to Bonham Avenue. Property is on the left.
- Latitude: 34.22
- Longitude: -77.89
- City Limits: Yes
- Secondary Subdivision: N/A
- Building Ext Features: Location Type: Mainland
- County Highway: Less than 5 Miles
- Interstate: Less than 5 Miles
- Port: 6 - 10 Miles
- Rail: 6 - 10 Miles
- State Highway: 6 - 10 Miles
- Legal and Taxes: Zoning Details: MF-M
Taxes and HOA
- Tax Other Assessment Amount Frequency: None
- Association Fee: $.00
- Tax Legal Description: Pt Bnhm Wilm 148.35x200X131
- Tax Book Number: 0
- Tax Map Number: R05514-001-024-000
- Tax Year: 2023
- Tax Assessed Value: $1,166,000.00
- Parcel Number: R05514-001-024-000
- Tax Block: 0
- Association: No
- Tax Annual Amount: $9,852.70
- Legal and Taxes: HOA: No
- Legal and Taxes: Cobra Zone: No
- Legal and Taxes: Deed Book: 6588
- Legal and Taxes: Deed Page: 1324.0
- Legal and Taxes: Legal: Pt Bnhm Wilm 148.35x200X131
- Legal and Taxes: PID: R05514-001-024-000
- Legal and Taxes: Plat Book: 0
- Legal and Taxes: Plat Page: 0
- Legal and Taxes: Tax Assessed Value: $1,166,000.00
- Legal and Taxes: Total City Real Estate Property Tax: $9,852.00
- Legal and Taxes: Total Real Estate Property Taxes: $9,852.70
- Legal and Taxes: Tax Year: 2023
- Management Fee: $15,384.00
- HOA Amenities: Access Only: Yes
Parking
- Attached Garage: No
- Garage: N/A
- Space: Yes
- # of Parking Spaces: 25.00
- Parking Driveway: Off Street: Yes
- Parking Driveway: Private: Yes
Virtual Tour
- Virtual Tour URL Unbranded: http://sites.uniquemediadesign.com/942bonhamavenue?mls
Property
Lot Information
- Lot Size Units: Acres
- Lot Size Acres: 0.65
- Lot Size Area: 0.65
- Lot Size Dimensions: 149 x 200 x 133 x 201
- Building Area Total: 11534.0
- Lot Size Square Feet: 28227.0
- Building Ext Features: Lot Dimensions: 149 x 200 x 133 x 201
- Building Ext Features: Lot Acres: 0.65
- Building Ext Features: Lot Sq Ft: 28227.0
- Sq Ft - Total Available: 11534.0
Property and Assessments
- Structure Type: Wood Frame
- Current Use: Multi-Family
- Documents Available: Survey
- Business Type: Other
- New Construction: No
- Year Built: 1991
- Legal and Taxes: Federal Flood Insurance Available: Yes
- Legal and Taxes: Special Assessments: None
- Current Use: Rental Residential
- Construction: Wood Frame: Yes
- Foundation: Slab: Yes
Utilities
- Sewer: Municipal Sewer
- Water Source: Municipal Water
- Service Providers: Electric Provider: Duke Progress Energy
- Service Providers: Sewer Provider: Cape Fear Public Utility Authority
- Service Providers: Water Provider: Cape Fear Public Utility Authority
- Utilities: Municipal Sewer: Yes
- Utilities: Municipal Water: Yes
Interior and Exterior Features
Exterior Features
- Association Amenities: No Amenities
- Construction Materials: Brick Veneer, Vinyl Siding
- Roof: Metal
- Exterior Finish: Brick Veneer: Yes
- Exterior Finish: Vinyl Siding: Yes
- Fuel Tank: None: Yes
- Roof: Metal: Yes
- Road Type Frontage: 2 - 3 Lanes: Yes
- Foundation Details: Slab
Interior Features
- Flooring: Carpet, Laminate, Tile
- Basement: None
- Cooling: Central Air
- Heating: Electric, Heat Pump
- Bathrooms Total Integer: 0
- Bathrooms Total Decimal: .00
- Bathrooms Total Notational: .00
- Cooling: Yes
- Heating: Yes
- # of Units: 11.00
- Flooring: Carpet: Yes
- Flooring: Laminate: Yes
- Flooring: Tile: Yes
- Cooling System: Central: Yes
- Heating System: Electric: Yes
Multi Family
Income & Expenses Information
- Insurance Expense: $10,429.00
- Professional Management Expense: $15,384.00
- Total Annual Operating Expenses: $44,853.00
- Total Annual Expenses: $44,853.00
- Insurance Expense: $10,429.00
Unit 2
- Owner Pays: See Remarks: Yes
Unit 4
- Owner Pays: See Remarks: Yes
Rental
Rental Information
- Existing Lease Type: See Remarks
Property History for 942 Bonham Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 942 Bonham Avenue
Taxable ValueLand$107,500Additions$1,058,500Total$1,166,000
Tax Record2023$9,853 ($821 / month)
Home Facts
Total Finished SqFt5,796 SqFtAbove Grade Finished SqFt5,796 SqFtStories1Lot Size27,878 SqFtStyleMulti-Family Res (5+ Units)Year Built1991ZoningMF-M,MULTI FACountyNEW HANOVERAPNR05514-001-024-000
Schools near 942 Bonham Avenue
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 |
|---|---|---|
Winter Park Model Elementary PublicK to 5 | ||
Williston Middle Public6 to 8 | ||
John T Hoggard 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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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 Intracoastal Realty Corp
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 09/26/2024 06:34 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. © 2024 Hive MLS