ilm property investment portfoliio · st s r04813-022-010-000 tj real estate holdings llc 907...
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More Information OnlineMore Information Onlinehttp://www.nccommercialmls.com/listing/30539885
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Listing ID: 30539885Status: ActiveProperty Type: Multi-Family For Sale
(also listed as Business Opportunity)Multi-Family Type: See AgentSize: 385,619 SFSale Price: $11,500,000Unit Price: $123,655.91 Per UnitSale Terms: Cash to Seller
Overview/CommentsOverview/CommentsRare residential-rental investment opportunity available in Wilmington,North Carolina. Eighty-two (82) properties consisting of Ninety-two (92)rental units available with in close proximately to downtown Wilmington.The portfolio consists of a combination of single-family homes, duplex,Triplexes and Quadplexes. The portfolio generates approximate rentalincome of close to $1.1 Million with definite room for financial growth.Properties are in close proximity of one another and most have access topublic transportation.
Many of the homes are of historic nature and are within establishedneighborhoods. The current owner oversees all the management of allNinety-two (92) rental units. They have established a management andmarketing program for the properties that keeps them at about 95%+occupancy. Three of the current vacant units are in the process of beingrenovated or working toward finalizing improvements.
The current owner utilizes a number of rent assistance programs and hasmany market-based tenants. The Wilmington rental market is very activeand the demand for rental housing is extreme. The current owner continuesto see the value of the portfolio but has other opportunities that haveopened up this great opportunity for another investor. The current owner ishappy to work with the new owner for a smooth ownership transition.
Since their purchase, the current owner has invested close to $600,000 inthe improvements and updates to the properties. The income, theimprovements, and the growth potential make this a great investment.Contact Jeff Hovis of Intracoastal for current rent rolls, financials anddetailed property information. Jeff can be reached at 910-512-2205 oremail him at [email protected]. Information available atwww.ilminvestmentportfolio.com.
General InformationGeneral InformationTaxing Authority: City of Wilmington and New Hanover CountyTax ID/APN: See AttachementMulti-Family Type: OtherZoning: R-3, R-5 AND UMXProperty Use Type: Investment
Total Number of Units: 93Building/Unit Size (RSF): 385,619 SFSale Terms: Cash to SellerAverage Occupancy Rate: 95
OccupancyOccupancyPercent Occupied: 95%
ILM Property Investment PortfoliioILM Property Investment Portfoliio208 N 12th Street, Wilmington, NC 28401
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 1Page 1
Area & LocationArea & LocationProperty Located Between: City of WilmingtonHighway Access: Multiple access pointsAirports: ILM
Site Description: Residential neighborhoods falling in zoning areasof UMX, R-15, R-3, R-5 and R-7
Area Description: City of Wilmington. See property map
Building RelatedBuilding RelatedTotal Number of Buildings: 82Property Condition: AverageNumber of Stories: 2Loading Doors: 0Roof Type: OtherExterior Description: See property website
www.ilminvestmentportfolio.comParking Type: Other
Parking Description: Combination of off and on street parking. Variesper property
Passenger Elevators: 0Freight Elevators: 0Laundry: In Each UnitSprinklers: NoneHeat Type: Electricity, Natural Gas, OtherHeat Source: Baseboard, Central, Heat Pump, OtherAir Conditioning: Engineered System, Other
Interior Description Residential interior. Ranging from studio apartment, one, two, three, four bedroom single family and some duplex/triplex/Quadplex layouts
Land RelatedLand RelatedZoning Description: Zoning varies, R-3, R-5, R15, CB and UMXLot Frontage: variesLot Depth: variesWater Service: MunicipalSewer Type: Municipal
Easements: OtherEasements Description: varies by property. Check register of deed to
confirmLand Ownership: TJ Real Estate Holdings, LLC
Legal Description Tax ID Owner Address R04818-003-008-000 TJ REAL ESTATE HOLDINGS LLC 1003 CHESTNUT ST R05414-002-001-000 TJ REAL ESTATE HOLDINGS LLC1005 10TH ST S R04818-003-009-000 TJ REAL ESTATE HOLDINGS LLC 1005 CHESTNUT ST R05413-013-021-000 TJ REAL ESTATE HOLDINGS LLC 1006 4TH ST SR05406-003-009-000 TJ REAL ESTATE HOLDINGS LLC 1009 ORANGE ST R05413-010-018-000 TJ REAL ESTATE HOLDINGS LLC 1014 7TH ST S R04818-016-012-000 TJ REALESTATE HOLDINGS LLC 1017 PRINCESS ST R04818-014-013-000 TJ REAL ESTATE HOLDINGS LLC 107 13TH ST N R04909-001-003-000 TJ REAL ESTATE HOLDINGS LLC 1102EMORY ST R04812-001-006-000 TJ REAL ESTATE HOLDINGS LLC 1103 EMORY ST R05414-008-019-000 TJ REAL ESTATE HOLDINGS LLC 1106 10TH ST SR05413-022-003-000 TJ REAL ESTATE HOLDINGS LLC 1107 6TH ST S R04818-040-019-000 TJ REAL ESTATE HOLDINGS LLC 111 12TH ST S R04905-003-008-000 TJ REALESTATE HOLDINGS LLC 1111 30TH ST N R05413-022-004-001 TJ REAL ESTATE HOLDINGS LLC 1111 6TH ST S R05410-016-022-000 TJ REAL ESTATE HOLDINGS LLC 1112QUEEN ST R04913-016-027-000 TJ REAL ESTATE HOLDINGS LLC 12 MONTGOMERY AVE R05406-007-004-000 TJ REAL ESTATE HOLDINGS LLC 1205 ORANGE STR05410-008-011-000 TJ REAL ESTATE HOLDINGS LLC 1205 QUEEN ST R05413-024-005-000 TJ REAL ESTATE HOLDINGS LLC 1211 7TH ST S R05406-008-003-000 TJ REALESTATE HOLDINGS LLC 123 13TH ST S R05406-034-018-000 TJ REAL ESTATE HOLDINGS LLC 1306 CHURCH ST R05406-034-017-000 TJ REAL ESTATE HOLDINGS LLC 1308CHURCH ST R05413-038-005-000 TJ REAL ESTATE HOLDINGS LLC 1309 4TH ST S R05406-034-006-000 TJ REAL ESTATE HOLDINGS LLC 1309 GLENN STR05406-038-004-000 TJ REAL ESTATE HOLDINGS LLC 1315 CASTLE ST R05406-033-015-000 TJ REAL ESTATE HOLDINGS LLC 1315 CHURCH ST R05413-038-004-000 TJREAL ESTATE HOLDINGS LLC 1316 HOOPER ST R04818-041-008-000 TJ REAL ESTATE HOLDINGS LLC 1318 DOCK ST R05406-035-012-000 TJ REAL ESTATE HOLDINGS LLC1418 CHURCH ST R05407-029-009-000 TJ REAL ESTATE HOLDINGS LLC 1611 CASTLE ST R04818-005-004-000 TJ REAL ESTATE HOLDINGS LLC 208 12TH ST NR05406-014-005-000 TJ REAL ESTATE HOLDINGS LLC 209 13TH ST S R05406-012-020-000 TJ REAL ESTATE HOLDINGS LLC 212 15TH ST S R04818-003-020-000 TJ REALESTATE HOLDINGS LLC 215 11TH ST N R04808-006-007-000 TJ REAL ESTATE HOLDINGS LLC 2803 SPAULDING DR R05514-014-013-000 TJ REAL ESTATE HOLDINGS LLC3806 WRIGHTSVILLE AVE R05413-030-001-000 TJ REAL ESTATE HOLDINGS LLC 402 MARSTELLAR ST R04813-037-002-000 TJ REAL ESTATE HOLDINGS LLC 416 MCRAE STR04909-010-013-000 TJ REAL ESTATE HOLDINGS LLC 430 CLAY ST R04909-011-005-000 TJ REAL ESTATE HOLDINGS LLC 433 CLAY ST R04909-011-018-000 TJ REALESTATE HOLDINGS LLC 435 CLAY ST R04909-007-010-000 TJ REAL ESTATE HOLDINGS LLC 446 MANLY AVE R04814-013-004-000 TJ REAL ESTATE HOLDINGS LLC 507 10THST N R04809-039-029-000 TJ REAL ESTATE HOLDINGS LLC 514 HARNETT ST R04909-003-014-000 TJ REAL ESTATE HOLDINGS LLC 514 MAIDES AVE R04814-013-007-000TJ REAL ESTATE HOLDINGS LLC 515 10TH ST N R04909-005-003-000 TJ REAL ESTATE HOLDINGS LLC 526 MANLY AVE R04909-003-029-000 TJ REAL ESTATE HOLDINGS LLC533 MANLY AVE R04909-003-033-000 TJ REAL ESTATE HOLDINGS LLC 545 MANLY AVE R05409-021-027-000 TJ REAL ESTATE HOLDINGS LLC 604 QUEEN STR04813-021-007-000 TJ REAL ESTATE HOLDINGS LLC 606 ANDERSON ST R04809-021-010-000 TJ REAL ESTATE HOLDINGS LLC 609 SWANN ST R05410-008-006-000 TJREAL ESTATE HOLDINGS LLC 611 12TH ST S R04813-019-002-000 TJ REAL ESTATE HOLDINGS LLC 614 8TH ST N R04814-010-017-000 TJ REAL ESTATE HOLDINGS LLC 61911TH ST N R05411-008-016-000 TJ REAL ESTATE HOLDINGS LLC 701 19TH ST S R04809-042-040-000 TJ REAL ESTATE HOLDINGS LLC 706 HARNETT STR04809-042-014-000 TJ REAL ESTATE HOLDINGS LLC 709 BLADEN ST R04813-010-016-000 TJ REAL ESTATE HOLDINGS LLC 709 MCRAE ST R05410-015-023-000 TJ REALESTATE HOLDINGS LLC 710 13TH ST S R05409-022-004-000 TJ REAL ESTATE HOLDINGS LLC 711 7TH ST S R05410-016-014-000 TJ REAL ESTATE HOLDINGS LLC 712 12THST S R05410-016-013-000 TJ REAL ESTATE HOLDINGS LLC 716 12TH ST S R05409-022-027-000 TJ REAL ESTATE HOLDINGS LLC 716 QUEEN ST R05409-023-009-000 TJREAL ESTATE HOLDINGS LLC 717 8TH ST S R05409-022-016-000 TJ REAL ESTATE HOLDINGS LLC 717 WOOSTER ST R04813-025-016-000 TJ REAL ESTATE HOLDINGS LLC719 RED CROSS ST R05409-022-017-000 TJ REAL ESTATE HOLDINGS LLC 719 WOOSTER ST R05410-018-018-000 TJ REAL ESTATE HOLDINGS LLC 720 10TH ST SR04814-006-002-000 TJ REAL ESTATE HOLDINGS LLC 724 11TH ST N R05410-021-009-000 TJ REAL ESTATE HOLDINGS LLC 808 10TH ST S R05410-021-008-000 TJ REALESTATE HOLDINGS LLC 810 10TH ST S R05411-012-002-000 TJ REAL ESTATE HOLDINGS LLC 810 16TH ST S R05409-025-019-000 TJ REAL ESTATE HOLDINGS LLC 814 8THST S R04813-022-010-000 TJ REAL ESTATE HOLDINGS LLC 907 RANKIN ST R04809-043-008-000 TJ REAL ESTATE HOLDINGS LLC 908 8TH ST N R04813-022-011-000 TJ
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
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REAL ESTATE HOLDINGS LLC 909 RANKIN ST R04813-022-014-000 TJ REAL ESTATE HOLDINGS LLC 909 RANKIN ST R05409-037-005-000 TJ REAL ESTATE HOLDINGS LLC913 7TH ST S R05409-037-006-000 TJ REAL ESTATE HOLDINGS LLC 915 7TH ST S R05413-004-013-000 TJ REAL ESTATE HOLDINGS LLC 916 4TH ST S
LocationLocationAddress: 208 N 12th Street, Wilmington, NC 28401County: New HanoverMSA: Wilmington
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
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Property ImagesProperty Images
ILM Investment Portfolio-City View
12 Montgomery
107 N 13th
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 4Page 4
212 S 15th
209 S 13th
123 S 13th St
111 S 12th
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 5Page 5
402 Marsteller
416 Mcrae
430 Clay
433 Clay
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 6Page 6
435 Clay
446 Manly
507 10th
514 Maides Ave
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 7Page 7
514 Harnett
533 Manly
545 Manly
606 Anderson
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 8Page 8
609 Swann
611 S 12th
611 S 12th
604 Queen
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 9Page 9
515 N 10th
614 N 8th
701 S 19th
706 Harnett
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 10Page 10
709 Bladen
709 Mcrae
710 S 13th
711 S 7th
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 11Page 11
712 S 12th
716 S 12th
716 Queen
717 Wooster
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 12Page 12
719 Red Cross
719 Wooster
720 S 10th
724 N 11th
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 13Page 13
808 S 10th
810 S 10th
810 S 16th
814 S 8th
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 14Page 14
907 Rankin
908 N 8th
909 Rankin
909 Rankin extra land
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 15Page 15
913 S 7th
915 S 7th
916 S 4th
1003 Chestnut
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 16Page 16
1005 S 10th
1005 Chestnut
1006-1008 S 4th
1006-1008 S 4th
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
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1014 S 7th
1102 Emory
1103 Emory
1106 s 10th
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 18Page 18
1107 S 6th
1111 N 30th
1111 S 6th
1112 Queen
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
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1306 Church
1308 Church
1309 S 4th
1315 Castle
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
Page 20Page 20
1309 Glenn
1315 Church
1318 Dock
1318-1320 Dock
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
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1418 Church
1611 Castle
2803 Spaulding
3806 Wrightsville
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
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1316 Hooper
619 N 11th
526 Manly
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
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Property ContactsProperty Contacts
Jeffrey HovisJeffrey HovisIntracoastal Realty Corp
910-512-2205 [O]
Prepared by Jeffrey Hovis, Intracoastal Realty CorpDec 16, 2019 on NCCMLS
910-512-2205 [O] [email protected] Carolina Real Estate License: 234605
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