7 South Second Street
Wilmington, NC

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For Sale: Downtown Apartments

The Daphne Apartments offer 12 units in the very heart of Downtown Wilmington.  The focal point of this fully modernized historic structure is its beautifully landscaped open-air central courtyard.  This unique investment property can provide ongoing income or, alternatively, may be converted to target Downtown's hot condominium market.
 

The Building

•  4788 Square Feet of Finished Apartments
•  12 Units: 6 Efficiency, 6 One Bedroom
•  Common Laundry and Utility Rooms
•  Individually Metered Electric
•  Master Metered Water
•  Fully Modernized in 1985
•  All HVAC Units Replaced Since 2002
•  New Roof - 2004

The Possibilities

•  While this facility is an established income producing property, it is also a prime candidate for conversion to individual condominiums for sale.

The Site

•  4130 Square Feet (59' x 70')
•  Tax Parcel 4817-034-003
•  Deed Book 3140 Page 169
•  Zoned Central Business District (CBD)
•  Two City Parking Facilities Within 1/2 Block

 
THE DYNAMIC DOWNTOWN
 

CITY CONVENTION CENTER shall
offer 100,000 sq. ft. of meeting space
to a projected daily average of 650; set
to open in 2008.
 
PPD BUILDING is a 14 story structure
for up to 2000 employees to open in 2007.
PRIVATE DEVELOPMENT of over 40
acres is currently slated for high density
residential and commercial uses.
ESTABLISHED ATTRACTIONS include
dozens of restaurants/nightclubs, a historic
performing arts center, riverfront park and
riverwalk, and the Battleship North Carolina.


The Offering

Sale $1,250,000 

Call Mike Nadeau (910) 270-5100 or Jim Quinn (910) 251-2211

Creative Properties, Inc. reasonably believes the information shown herein is fairly and accurately stated.  However any prospective purchaser is urged to independently confirm its accuracy and completeness.

 

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Contact Creative Properties today for additional information on this commercial real estate listing
or for a FREE commercial property evaluation. 
 

Hampstead Office
15894 Highway 17 North
Hampstead, NC 28443
Phone: (910)
270-5100
Fax: (910) 270-5110

Mike Nadeau
Cell: (910) 620-1237

E-mail

 

Wilmington Office
201 North Front St.  #602
Wilmington, NC 28401
Phone: (910) 251-2211
Fax: (910) 251-2218

Jim Quinn
Cell: (910) 520-2807

E-mail

 

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