5050 Wrightsville AVE Wilmington, NC 28403
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 1,441 sqft
Price per Sqft $346
Subdivision Not In Subdivision
MLS Listing ID 100603899
Style Wood Frame,Stick Built
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1960
Lot Size 0.440 Acres
Acres 0.44
Lot Dimensions 19166
Property Sub-Type Single Family Residence
Source Hive MLS
Property Description
The main residence has undergone substantial renovations, including new LVP flooring throughout, fresh interior paint, new HVAC, new appliances, new countertops, and a renovated bathroom. Both the main residence and detached ADU received new roofs in 2022.
The detached ADU is a major feature of this property, providing existing rental income from day one. The ADU has its own water and sewer connections and is currently leased at $900 per month, creating an attractive opportunity for an investor or an owner-occupant looking to offset housing expenses with rental income.
Situated on approximately 0.44 acres with O&I zoning, the property also offers a large yard and ample off-street parking. Documentation regarding the ADU's legal nonconforming residential status is available.
Whether purchased as an investment property or as a primary residence with supplemental rental income, the separate income-producing ADU provides flexibility that is difficult to find in this Wilmington location.
Convenient access to UNCW, Wrightsville Beach, shopping, restaurants, and downtown Wilmington.
MAIN HOUSE + DETACHED ADU + EXISTING $900/MONTH ADU RENTAL INCOME.
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning O&I
Direction From Military Cutoff Rd, turn right onto Wrightsville Ave. Property will be on the left, just before Recon Surf building.
Location Details Mainland
Rooms
Other Rooms Guest House
Primary Bedroom Level Primary Living Area
Interior
Interior Features None
Heating Heat Pump, Electric
Cooling Central Air, Wall/Window Unit(s), Heat Pump
Flooring LVT/LVP
Fireplace No
Appliance Built-In Microwave, Refrigerator, Dishwasher, Electric Range
Exterior
Parking Features Off Street
Utilities Available Sewer Available, Water Available, Water Connected
View See Remarks
Roof Type Architectural Shingle
Accessibility Accessible Approach with Ramp
Porch Patio
Garage No
Building
Entry Level One
Foundation Crawl Space
Water Public
Level or Stories 1
New Construction No
Schools
Elementary Schools College Park
Middle Schools Williston
High Schools Hoggard
Others
Tax ID R05520-009-011-000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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