415 S Front Street, A,B,C,D And E, Wilmington, NC 28401 (MLS# 100413152)

$3,290,000
415 S Front Street, A,B,C,D And E
Wilmington, NC 28401
MLS# 100413152
5 beds  |  6 baths  |  3310 sqft
415 S Front Street, A,B,C,D And E, Wilmington, NC 28401
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Property Description
The Charity-Prescott House (c.1837) located in Historic Downtown Wilmington has a bed and breakfast permit and is grandfathered in for short term rental use that transfers to the new owner upon sale. This turnkey short term rental business comes with five fully furnished and decorated 1 bedroom condos each come with a dedicated off-street parking spot plus 3 extra parking spots for maintenance. Parking passes can be purchase for street parking for you or your guest. The amazing location is a short walk to the famous Wilmington Riverwalk, dinning and much more. HOA agreement in place and each condo is allowed to legally operate as a short term rentals indefinitely. Each unit is decorated in a different style which comes with a new water heater, queen bed with hybrid mattresses and mattress protectors, a coffee and snack bar, welcome basket, kitchen basics, bathroom basics, linens, pillows, bedding, towels, decor, smart TV, appliances, and furniture. The 2nd floor condos have private balconies, and the 2 first floor condos have shared porch access. Wi-fi haș been integrated throughout the house for each condo. The building was fully renovated in the mid 2000's, including the installation of a metal and membrane roof. If the new owner wishes to operate the short term rentals themselves, WVH will include their short term rental inventory system, cleaning system, software setup, and a list of suppliers to help the new owner get started. The other available option is that Wilmington Vacation Homes can offer to continue to manage the property. The Wilmington Vacation Homes team is located in Wilmington and includes full-time cleaners, full-time management, maintenance, pest control, and in-house commercial laundry. If the new owner wishes, WVH can continue to book the units on Airbnb, VRBO, booking, expedia, hopper, and Wilmington Vacation Homes with their established ratings and manage the units.

Details
Maps
Contract Info
Sub-Type: Townhouse
Construction Type: Stick Built
Status: Active
Effective Date: 2023-11-02
Delayed Marketing Date (DM): 2023-11-03
Listing Price: 3290000
Current Price: $3,290,000
List Price/SqFt: 993.96
Sub Agent Comm $/%: %
Buyer Agent Comm: 2.25
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 415
Pre Direction: S
Street Name: Front
Street Suffix: Street
Unit #: A,B,C,D And E
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Historic District
Secondary Subdivision: N/A
Geo Lat: 34.22962
Geo Lon: -77.947817
Remarks and Showing
Directions to Property: South on 3rd street right on Market left on S Front St. Complex is located on the left.
Sign on Property: Yes
Property Exterior Info
New Construction: No
Lot Acres: 0.24
Lot SqFt: 10542
Lot Dimensions: 66x165x66x165
Waterfront: No
Location Type: Mainland
Property Interior Info
SqFt - Heated (Primary): 3310
Total SqFt - Heated (Primary + Separate): 3310
# Rooms: 15
# Baths - Full: 5
# Baths - Half: 1
# Baths - Total: 6
# Bedrooms: 5
Master Bedroom Level: N/A
Stories: 2
Legal & Taxes
Tax Assessed Value: 867000
Deed Book: 6522
Deed Page: 29052021059
Legal: 415 South Front St, Units A, B, C, D and E
Broker Owner: No
PID: 311712.86.1205.001
Tax Identifier: R05405-033-004-000
Special Assessments: na
Tax Year: 2023
Year Built: 1837
Zoning: HD-R
HOA: No
Cobra Zone: No
Elementary School: Snipes
Middle School: Williston
High School: New Hanover
Garage & Parking
Other - See Remarks: Off Street parking
Current Service Providers
Electric Provider: Duke Energy
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Property Features
Handicap Accessible: None
Attic: Access Only
Basement: None
Construction: Brick/Stone; Wood Frame
Unit Type: Apartments
Style: Historic District
Exterior Features: None
Exterior Finish: Wood Siding
Fencing: None
Foundation: Crawl Space
Fuel Tank: None
Green Bldg Certify: None
Green Bldg Features: None
Parking Features: Dirt; Off Street
Patio and Porch Features: Balcony; Covered; Porch
On-Site Pool/Spa: None
Roof: Membrane; Metal
Stories/Levels: Two
Trash Collection: City Pick-UP
Road Type/Frontage: Alley; Public (City/Cty/St)
Lot Water Features: None
Cooling: Central
Heating: Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Municipal Sewer; Municipal Water
Appliances/Equip: Dryer; Microwave - Built-In; Refrigerator; Stove/Oven - Electric; Washer
Fireplace: 3+
Flooring: Wood
Interior Features: Furnished
Laundry Features: Room
Heated SqFt: 3000 - 3499
Dining Room Type: Combination
HOA and Neigh Amenities: See Remarks
Terms: Cash; Conventional; FHA; VA Loan; Commercial

Listing Office: Arth Real Estate Group LLC

Last Updated: March - 18 - 2024

415 S Front Street, A,B,C,D And E, Wilmington, NC 28401 - MLS# 100413152
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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