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  • $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

    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!

    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#: 100451381MLS Logo

    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