2512 Princess Place Dr #3, Wilmington, NC 28405

This is a spacious, income producing 4Plex multi family or generational housing property in Wilmington, NC with mature landscape views out every window of every unit. Quiet friendly neighborhood. This two story built in 1940 and restored after Hurricane Florence boasts 4 units, two driveways, two fire places, a total of six bedrooms, 4 bathrooms, and 4 kitchens, plus a picturesque yard for relaxing and entertaining. Stand-alone cottage has laundry closet with washer dryer hookup, 1 bedroom, big closet and large built in dresser, full size tub, cute kitchen, and living room. Studio apartment has long term tenant paying $800 month, - unit has cute kitchen, big closet, bath with shower, and separate side yard - the studio is adjacent to lower 2 bedroom unit, and both units share the same electric meter (so studio rent includes electric and water utility). Downstairs unit is 1200 sq ft - The space includes foyer, large living room with lots of windows and a fireplace. Extra large dining room, plus a breakfast room between kitchen and dining room, nice big kitchen, storage room between kitchen and laundry room (w/washer/dryer). Two big bedrooms with double hung windows. Linen closet, utility closet, plus full size tub/shower in the bathroom. Upstairs unit has 1200 sq ft. Space has larger foyer with a closet, a large living room with lots of windows and a fireplace, xtra large dining room, breakfast room between kitchen and dining room - laundry is in the kitchen, 2 big bedrooms with double hung windows, linen closet, utility closet, and full size tub and shower in the bathroom. Outside the kitchen door upstairs is a covered deck looking over mature flowering bushes in the backyard - yard is picturesque for lounging, entertaining, and cookouts. Two long tree-lined driveways. mature flowering trees and bushes bring beauty and privacy across the back and along each side of the structure. Income projection: $1700 for downstairs unit includes utilities $800 for studio includes utilities $1400 for upstairs unit - tenant pays electric and gas utility $900 for cottage - tenant pays electric utility (no gas hookup) This property appraised at $545k in August of 2024. It is sold as-is, and priced to sell at $500,000k, Or Best Offer. Will consider all offers.