121 E 2nd Street, Washington, NC 27889 (MLS# 100290481)

$865,000
121 E 2nd Street
Washington, NC 27889
MLS# 100290481
Status: Closed
7720 sqft
121 E 2nd Street, Washington, NC 27889
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Property Description
Historic Downtown Washington 11-unit apartment building is the perfect location for those looking for long-term and short-term investment opportunities. Grand turn-of-the-century home was beautifully and completely renovated and modified in 2016. The property has 8 1-Bedroom apartment units, 2 2-Bedroom apartments and 1 studio apartment. 1 furnished unit is designed for short-term rental. Most leases are longer-term annual leases, but this convenient location lends itself to a lucrative Air BnB-type situation, as well. Street parking is ample in front of the property plus a public parking lot is immediately adjacent to the building. Located ½ block from downtown shops and restaurants and only 2 blocks from the beautiful Pamlico River. Walking distance to local government buildings and downtown businesses. Short drive to Vidant Beaufort Hospital and other Washington Businesses. Also convenient to Greenville. Gross income and Net Operating Income are available upon request. Excellent occupancy rate averages 91%. Short-term furnished unit is currently available for rent and is the only vacancy.

Details
Maps
Contract Info
Status: Closed
Effective Date: 2021-09-13
Delayed Marketing?: No
Delayed Marketing Date (DM): 2021-09-13
Sub-Type: Multi-Family
Garage: N/A
Sale/Lease: Sale
Auction: No
Listing Price: 895000
Current Price: $865,000
List Price/SqFt: 115.93
Sub Agent Comm: 2.5
Sub Agent Comm $/%: %
Buyer Agent Comm: 2.5
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 121
Pre Direction: E
Street Name: 2nd
Street Suffix: Street
County: Beaufort
State/Province: NC
Zip Code: 27889
City Limits: Yes
Marketing City: Washington
Subdivision: Historic District
Secondary Subdivision: N/A
Geo Lat: 35.542502
Geo Lon: -77.053636
Remarks and Showing
Directions to Property: Located in the heart of downtown Washington's Harbor District. 1 block from shops and restaurants. 2 blocks from the Pamlico River. Parking is available in the public lot beside the property.
Sign on Property: No
Building Info
New Construction: No
Building/Ext Features
Lot Acres: 0.52
Lot SqFt: 22651
Lot Dimensions: 104 x 217 x 105 x 217
SqFt - Total Available: 7720
SqFt - Heated (Primary): 7720
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 806537
Total City Real Estate Property Tax: 4275
Deed Book: 1937
Deed Page: 540
Legal: 1 LOT 121 EAST 2nd ST (Lot #39)
Broker Owner: No
PID: 5675-88-9077
Tax Identifier: 5675889077
Plat Book: no
Plat Page: no
Total Real Estate Property Taxes: 9397
Special Assessments: no
Tax Year: 2020
Year Built: 1900
Zoning: B2
HOA: No
Cobra Zone: No
Status Change Info
Under Contract Date: 2021-09-28
Sold Price: $865,000
Sold Date: 2021-12-13
Current Service Providers
Electric Provider: City of Washington
Sewer Provider: City of Washington
Water Provider: City of Washington
Property Features
Sub-Type: Other
Basement: Finished - No
C & I Features: See Remarks
Construction: Wood Frame
Exterior Finish: Wood Siding
Flooring: Laminate; Tile; Wood
Foundation: Block
Sale/Lease Includes: Buildings; Fixtures; Furniture
Parking Features: Paved; Public
Road Type/Frontage: Paved; Public (City/Cty/St)
Roof: Metal; Shingle
Lot Description: Corner Lot
Location: Historic District
Lot Water Features: None
Cooling: Central
Heating: Forced Air
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Municipal Sewer; Municipal Water
Terms: Cash; Conventional

Listing Office: Coldwell Banker Sea Coast Advantage - Washington

Last Updated: December - 13 - 2021

121 E 2nd Street, Washington, NC 27889 - MLS# 100290481
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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