1002 Grace Street

7 unit fully occupied, government funded, direct deposit, apt complex in prime Downtown Wilmington! This cash cow brings in roughly over 150k per year, gross. Tenants pay the majority of all utilities. The asset has gone through some big renovations in past few months. Roof is 2016, all hvacs are brand new, 5 of 7 water heaters just replaced, new kitchen cabinets, appliances, bathrooms updated, showers refinished, interior and exterior doors replaced, new electrical outlets and light switches, new LVP flooring in 4 of 7 of the units, new windows in some of the units, exterior painted and updated and all the leases have about 8-10 months left. High security deposit that were collected and transfer to new owner. With proof of funds we will send over rent roll/P&L's. You're not going to want to miss this opportunity.

The manager has listed the unit size as 5990 square feet.

The apartment is a unit offered at a monthly price of $1,785,000. The person posting the listing did not specify that any pets were allowed. It may be the case that pets are ok and the manager simply has not yet filled out all the details.

We have 90 photos of this particular unit, building, and surrounding areas.

See available units at 1002 Grace Street.