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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.
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| 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.
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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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