121 E 2nd Street, Washington, NC 27889

$895,000
7,720
SqFt
List Price
$895,000
Status
PENDING
MLS#
100290481
Days on Market
32
Year Built
1900
Living Area
7,720
Acres
0.52
Neighborhood
Historic District

Property Description

Historic Downtown Washington 11-unit apartment building is the perfect location for those looking for long-term and short-term investment opportunities. Grand turn-of-the-century home was beautifully and completely renovated and modified in 2016. The property has 8 1-Bedroom apartment units, 2 2-Bedroom apartments and 1 studio apartment. 1 furnished unit is designed for short-term rental. Most leases are longer-term annual leases, but this convenient location lends itself to a lucrative Air BnB-type situation, as well. Street parking is ample in front of the property plus a public parking lot is immediately adjacent to the building. Located 1/2 block from downtown shops and restaurants and only 2 blocks from the beautiful Pamlico River. Walking distance to local government buildings and downtown businesses. Short drive to Vidant Beaufort Hospital and other Washington Businesses. Also convenient to Greenville. Gross income and Net Operating Income are available upon request. Excellent occupancy rate averages 91%. Short-term furnished unit is currently available for rent and is the only vacancy.

Additional Information

Taxes
$9,397
Cooling
Central
Heating
Electric, Forced Air
Water Heater
Electric
Floors
Laminate, Tile, Wood
Foundation
Block
Roof
Metal, Shingle
Exterior Finish
Wood Siding
Lot Water Features
None
Sewer
Municipal Sewer, Municipal Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Coastal Rivers.

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