308 Church Street

Wilmington, NC 28401

About this property

Unique opportunity to own a three unit investment property in historic downtown Wilmington. Timeless charm meets modern updates in the Cumming-Taylor House, a stunning Queen Anne residence built in the late 1800's and ideally situated on a quiet brick-lined street in the heart of the historic district. Rich in character and thoughtfully updated, the home welcomes you with a wraparound front porch leading into a formal foyer. Inside, you'll immediately notice soaring ceilings, hardwood floors, and intricate trim work that reflect the craftsmanship of the era. The property is configured into three separate units: the first and second floors each offer spacious two bedroom, one bath apartments, while the third floor features a charming one bedroom, one bath unit. An ideal set up for maximizing rental income and cash flow. Each unit enjoys access to private outdoor spaces, including porches or decks, along with a generously sized fenced backyard. Off-street parking, a rare find in downtown, adds to the property's rental appeal for both short-term and vacation guests. Located just blocks from the riverwalk, restaurants, shops, and local attractions, this property presents an excellent opportunity as an high-income producing asset for either short term or long term rentals with an established rental history and strong guest reviews.

About this property

Unique opportunity to own a three unit investment property in historic downtown Wilmington. Timeless charm meets modern updates in the Cumming-Taylor House, a stunning Queen Anne residence built in the late 1800's and ideally situated on a quiet brick-lined street in the heart of the historic district. Rich in character and thoughtfully updated, the home welcomes you with a wraparound front porch leading into a formal foyer. Inside, you'll immediately notice soaring ceilings, hardwood floors, and intricate trim work that reflect the craftsmanship of the era. The property is configured into three separate units: the first and second floors each offer spacious two bedroom, one bath apartments, while the third floor features a charming one bedroom, one bath unit. An ideal set up for maximizing rental income and cash flow. Each unit enjoys access to private outdoor spaces, including porches or decks, along with a generously sized fenced backyard. Off-street parking, a rare find in downtown, adds to the property's rental appeal for both short-term and vacation guests. Located just blocks from the riverwalk, restaurants, shops, and local attractions, this property presents an excellent opportunity as an high-income producing asset for either short term or long term rentals with an established rental history and strong guest reviews.

Features and Additional Information

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$1,075,000 Active
5 Bed(s)
3
Baths
3,125 sqft

Presented By Coldwell Banker Commercial HPW Select

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Get in touch today! Phone: 1-919-845-3735
Brokerage
Salt and Stone Property Group
1-910-231-7377
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Area Information

| New Hanover County | Historic District

$ 1,075,000
This listing is play_arrow 8.3% lower than the average in the area
$ 1,172,000 in the area
3,125 SqFt
This listing is play_arrow 26.8% smaller than the average in the area
4,268 SqFt in the area
$ 344 $/SqFt
This listing is play_arrow 31.7% more than the average in the area
$ 261 $/SqFt in the area
195 days on site
This listing is play_arrow 186.8% above the average in the area
68 days on site in the area

Schools in the Area

  • turned_in
    Elementary School
    Snipes
  • turned_in
    Middle School
    Williston
  • turned_in
    High School
    New Hanover
Listed By Jesse A Canady
Brokerage: Salt and Stone Property Group

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