Currently there are 3 rental houses on the property, two of which are occupied by tenants. Leases are month to month and the monthly income is $2,180(tenants pay all utilities). Combination Commercial and Residential Land Development property available on Castle Hayne Road. Homes are being sold as-is. Square Footage is only an estimate provided by owners and has not been verified. The property consists of 4.28 acres. This land is made up of three parcels(2723, 2725 and 2727 Castle Hayne Road). The front portion of the property has close to 300 feet of Castle Hayne Road Street frontage. The Front(East)portion of the land is zoned B-1 and the North-West portion of is zoned R-20The two zoning classifications enable you to have a business type use on Castle street and tie in a appropriate R-20 use on the back property. Sub-dividing the property is a possibility but the sellers are not going to split up the parcels. The northern-most home was recently severely damaged by fire. Prior to this it rented for $575 per mo. This is located close to I 1-40 bypass, Downtown Wilmington, ILM Airport and all the growing development in the Castle Hayne Area.
- Price:
- $625,000
- Bedrooms:
- 7
- Acreage:
- 4.28
- Year Built:
- 1940
- Listing ID #:
- 100221236
- Street Address:
- 2723 Castle Hayne Rd
- City:
- Wilmington
- State:
- North Carolina
- Postal Code:
- 28401
- County:
- New Hanover
- Subdivision:
- Castle Hayne
- Listing Status:
- Pending With Showings
- Listing Type:
- Quadruplex
- Construction Description:
- Wood Frame
- Deck Description:
- Porch
- Flooring:
- See Remarks
- Foundation:
- Crawl Space
- Siding:
- Vinyl Siding, Wood Siding
- Stories:
- 2.0
- Stories:
- 1st Floor, 2nd Floor
- Type Of Roof:
- See Remarks
- Year Built:
- 1940
- Conforms To Zoning:
- B-1 And R-20
- Lot Square Footage:
- 186437.00
- Road Frontage:
- Public (city/Cty/St)
- Terms:
- Cash, Conventional
- Hoa Fee Includes:
- See Remarks
- Price Per Square Foot:
- 84.38
- Property Taxes:
- $3,728
- Tax Year:
- 2019
- Parking Description:
- Off Street, Unpaved
- Cooling System:
- Central, Wall/Window Unit(s)
- Heating:
- Baseboard, Electric, Forced Air
- Water Heater:
- Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By: Intracoastal Realty Corp
