Discover a lucrative opportunity at 622 Steele Loop, where investment meets comfort in this spacious 5-bedroom home ideally positioned just moments from Wrightsville Beach. Currently leased until July 2025, this property generates a robust $3,347.5 per month in rental income, making it a compelling choice for investors seeking immediate cash flow.
This meticulously maintained home features an owner's suite on the first floor, offering convenience and privacy. The aggressive pricing reflects the commitment to honoring the current lease, with a projected cap rate of 7%.
Located near Wrightsville Beach, this property not only ensures a steady rental income but also a great opportunity for long-term appreciation. Imagine the allure for tenants seeking proximity to sandy shores and coastal charm.
Seize this rare opportunity to add a profitable rental property to your portfolio. Whether you're expanding your investments or entering the rental market, 622 Steele Loop represents a smart choice with its strategic location and reliable income stream.
Schedule your showing today and explore the possibilities of owning this exceptional investment property. Don't delay - opportunities like this don't stay on the market for long!
Sold
$432,500
622 Steele Loop, Wilmington, NC 28411
5beds
3,132sqft
Single Family Residence
Built in 2014
6,969 sqft lot
$437,600 Zestimate®
$138/sqft
$33/mo HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: August 25, 2024 at 10:09am
Listed by:
Marshall M Pickett 910-619-8710,
Ivester Jackson Coastal LLC
Bought with:
Tidal Realty Partners
Real Broker LLC
Amber R Moles, 289845
Source: Hive MLS,MLS#: 100451381

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Electric, Forced Air, Propane
Cooling
- Attic Fan, Central Air
Appliances
- Laundry: Inside
Features
- Master Downstairs
- Flooring: Carpet, Tile, Wood
- Basement: None
Interior area
- Total structure area: 3,132
- Total interior livable area: 3,132 sqft
Property
Parking
- Total spaces: 2
- Parking features: Paved
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Exterior features: Gas Logs
- Fencing: Wood
Lot
- Size: 6,969 sqft
- Dimensions: 62' x 110' x 62' x 110
Details
- Parcel number: R04400001572000
- Zoning: R-10
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 2014
Utilities & green energy
- Sewer: Community Sewer
- Utilities for property: Community Water
Community & neighborhood
Location
- Region: Wilmington
- Subdivision: Reserve at West Bay
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $400 annually
- Amenities included: Maint - Comm Areas, Street Lights
- Association name: Reserve at West Bay
- Association phone: 256-2021
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Services availability

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Sell for more than others on Zillow
Get a complimentary Zillow Showcase℠ listing and you could sell for .
$437,600
2% more+ $8,752
With Showcase(estimated)
$446,352