• 910-346-8218 | Jacksonville NC and the greater Eastern North Carolina area

    910-346-8218 | Jacksonville NC and the greater Eastern North Carolina area
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Commercial Property Management in Eastern NC

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Price: $2,149,900
MLS Number: 100411313
Year Built: 2007
Square Footage: 12000
Acres: 0
Listing Date: Oct 24, 2023
Sale or Lease: Sale
Pages: 1
1
370 S Kerr Avenue Unit 105, Wilmington
$2,149,900
MLS Number:
100411313
Built:
2007
Sq Ft:
12000
Listing Date:
Oct 24, 2023
Package of ten condos in a great community in PRIME location of Wilmington, North Carolina. Each unit has 3 beds/3 baths and is located less than a mile to the UNCW campus. Within a mile to plenty of shopping and less than 5 mins to the beach! Spacious bedrooms all with their own private bathrooms and walk-in closets. Ideal as investment properties. All properties currently below market value. How dues are 2400/year for each unit. Property taxes are close to 20k in total. Each property should be able to rent for 2100-2200. 4 units recently vacant and have been turned and ready for rent to be increased. NOI with pro forma is roughly 225k annually. Reach out for more information!370 S. Kerr Ave. Unit 105 Wilmington, NC 28403 ((tenant occupied until 4/2024) 370 S. Kerr Ave. Unit 106 Wilmington, NC 28403 370 S. Kerr Ave. unit 103 Wilmington, NC 28403 (no washer/dryer) 370 S. Kerr Ave. unit 104 Wilmington, NC 28403 (tenant occupied until 10/14/2023, $1,800) 370 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 11/11/2023, $1,745) 376 S. Kerr Ave. unit 302 Wilmington, NC 28403 (fresh paint for entire unit) 376 S. Kerr Ave. unit 304 Wilmington, NC 28403 (tenant occupied until 2/15/2024, $1,575) 376 S. Kerr Ave. unit 305 Wilmington, NC 28403 376 S. Kerr Ave. unit 101 Wilmington, NC 28403 (fresh paint for entire unit, no washer/dryer) 376 S. Kerr Ave. unit 102 Wilmington, NC 28403 We have a total of 10 units in this complex for sale. Possibly more in the future as a package!
Address: 370 S Kerr Avenue Unit 105
City: Wilmington
State: NC
Zip: 28403
Area: Kerr Crossing
Lot Size: 0.00 acres
Property Type: Commercial
Sub Type: Comm Condominium
Sale or Lease: Sale
Listing Office: Keller Williams Innovate-Wilmington

Commercial Property Management in Eastern NC

Our real estate firm is based in Jacksonville, North Carolina and is recognized for its top-notch quality and professionalism in the local business real estate industry. For more than 20 years, our company has been the local’s choice choice for businesses looking for commercial property management in Eastern NC and coastal areas of North Carolina.

Thanks to our vast knowledge of the regional real estate market, our company enjoys a great reputation and achievement in the area.

Commercial Property Management In Eastern NC

Ray Properties’ Expertise

When it comes to finding commercial property management in coastal North Carolina, there are few real estate firms that can match the knowledge and expertise of Ray Properties. We have spent over two decades perfecting our skills in commercial property, and this devotion has yielded impressive results. Ray Properties is now recognized as a reliable and successful real estate firm in the region. One of the factors that distinguishes Ray Properties from all other real estate firms in the area is our focus on identifying properties with immense upside. Ray Properties are experts at locating properties that meet specific criteria such as high growth potential, primier locations, robust local economies, and properties with attractive financing options. Our extensive knowledge of the coastal area and real estate market is a significant factor in our success.

Our company understands that coastal North Carolina is in constant transition as a result of many people moving to the area every year. As the population increases, so does the real estate industry. Consequently, the company has kept up with this demand as we have been able to meet the needs of businesses looking to move into the area to provied the goods and services that the growing population demands. Ray Properties’ entrepreneurial nature and custom solutions have enabled our firm to create outstanding value while meeting the needs of our clients.

With the increasing attention being paid to environmental conservation, many businesses are looking to lease or buy commercial properties that have sustainable and eco-friendly features. Ray Properties is at the forefront of these eco-friendly projects, as we help businesses find green and sustainable properties to fit their needs. This is a crucial factor that has made Ray Properties an industry leader.

 

Successful Commercial Projects

Ray Properties participated in numerous profitable real estate projects in coastal North Carolina. As an example, Ray Properties facilitated with the creation of a thriving shopping center located in Wilmington, which has several enterprises, such as Food Lion, Sephora, Ross, and Kohl’s, to mention a few. Due to Ray Properties’ keen eye for potential, the mall was elevated to even greater heights and is now an optimal location for retail businesses.

Another successful project that Ray Properties helped build was the Logistics Park in Brunswick County. This prime location is ideal for manufacturing companies, warehouses, and other logistics-oriented enterprises due to its vast area. Ray Properties ensured the fact that the infrastructure is top-notch with ease of rail and shipping access.

Commercial Property Management In Eastern NC

You Can Rely On Ray Properties

Ray Properties’ knowledge in handling commercial property management in Eastern NC has enabled numerous enterprises to relocate and benefit from the area’s expanding business environment. The firm’s commitment to establishing strong connections with businesses and interested parties has assisted in cultivating trust and ensuring reliability inside the real estate sector of the region.

With an comprehensive grasp of the coastal North Carolina real estate scenario, Ray Properties is still aiding companies in locating the optimal fit for their business’s business investment.

  • Contact Ray Properties

    3684-B Henderson Drive
    Jacksonville, NC 28546

    910-346-8218

    biz@rayproperties.com

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