• 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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Investment Property in Onslow County

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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

Investment Property in Onslow County

Ray Properties is located in Jacksonville, North Carolina and is known for its outstanding service and high level of professionalism in the local commercial market. For more than 20 years, our company has been the preferred choice for people seeking investment property in Onslow County and other parts of coastal North Carolina.

With our vast knowledge of the local real estate industry, our real estate firm has earned an excellent standing and success in the area.

Investment Property In Onslow County

Ray Properties’ Expertise

When it comes to finding investment property 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 developing and refining our skills in commercial property, and this devotion has paid off. The company is now recognized as a premier real estate firm in the region. One of the things that distinguishes our company 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, appealing locations, robust local economies, and properties with attractive financing options. The company’s extensive knowledge of the coastal region 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 annually. As the population grows, 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 swelling population requires. Ray Properties’ entrepreneurial nature and custom solutions have enabled Ray Properties to create outstanding value while meeting the needs of our clients.

With the increasing exposure to environmental conservation, many firms 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 clients 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 has been involved in several successful real estate projects in coastal North Carolina. For example, Ray Properties assisted in the development of a thriving mall located in Wilmington, which has numerous businesses, including Harris Teeter, Sephora, T.J.Maxx, and Kohl’s, to mention a few. With Ray Properties’ keen eye for potential, the mall was transformed to a new level and is now an optimal hub for retail businesses.

Another successful project that Ray Properties helped create was the Logistics Park in Brunswick County. This prime location is suitable for industrial companies, warehouses, and other logistics-oriented enterprises due to its 273 acres. Ray Properties ensured that the infrastructure is excellent including accessible rail and shipping access.

Investment Property In Onslow County

You Can Rely On Ray Properties

Ray Properties’ experience in managing investment property in Onslow County has facilitated several companies to relocate and capitalize on the area’s growing business environment. The firm’s devotion to building solid relationships with organizations and interested parties has aided in cultivating trust and assuring reliability in the real estate industry of the region.

With an in-depth understanding of the local property scenario, Ray Properties remains helpful companies in search of the optimal property for company’s business investment.

  • Contact Ray Properties

    3684-B Henderson Drive
    Jacksonville, NC 28546

    910-346-8218

    biz@rayproperties.com

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