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$3,300,000
0.24± Acres
Active
New Hanover County, NC

415 Front, Wilmington, North Carolina

MLS ID: 100413152
Status: Active
Price: $3,300,000
Acres: 0.24±
Type: Residential
Address: 415 Front
City, State: Wilmington, NC
County: New Hanover County
ZIP Code: 28401
Parcel Number: R05405-033-004-000
Bedrooms: 5
Bathrooms: 6
SqFt: 3,310
Year Built: 1837

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.

Directions: South on 3rd street right on Market left on S Front St. Complex is located on the left.

Additional Information

Interior

Appliances: Microwave - Built-In
Basement: Crawl Space, None
Bathrooms Half: 1
Bathrooms Full: 5
Building Area Total: 3,310
Cooling (Yes/no): Yes
Cooling: Central Air
Flooring: Wood
Heating (Yes/no): Yes
Heating: Electric, Heat Pump
Interior Features: Furnished
Rooms Total: 15

Exterior

Architectural Style: Historic District
Lot Size Area: 0
Lot Size Dimensions: 66x165x66x165
Lot Size Square Feet: 10,542
Other Parking: Off Street parking
Parking Features: Unpaved, Off Street
Patio and Porch Features: Covered, Porch
Road Frontage Type: Alley, City Street, State Road
Roof: Membrane, Metal
Stories: 2
Water Source: Municipal Water

Financial/HOA/Schools

Association Amenities: See Remarks
Days On Market: 16
Elementary School: Snipes
Middle School: Williston
High School: New Hanover
Subdivision Name: Historic District
Zoning: HD-R
Doug Moore

Doug Moore

Lillington, North Carolina

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Listed By: Andrea Arth of Arth Real Estate Group Llc