1504 Orange ST new Save Request In-Person Tour Request Virtual Tour
Wilmington,NC 28401
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,288 sqft
Price per Sqft $442
Subdivision Not In Subdivision
MLS Listing ID 100493789
Style Wood Frame
Bedrooms 3
Full Baths 2
HOA Y/N No
Originating Board Hive MLS
Year Built 1923
Annual Tax Amount $1,341
Lot Size 4,400 Sqft
Acres 0.1
Lot Dimensions 41x107
Property Sub-Type Single Family Residence
Property Description
Turnkey investment opportunity in the heart of Wilmington! This permitted duplex-style property is ideal for investors, house hackers, or flexible living arrangements. The main house features two bedrooms, one bath, and a brand-new kitchen with washer/dryer, fridge, stove, and dishwasher. The attached studio ADU, with its private entrance, offers a full kitchen and bath, perfect for rental income or a guest suite.
This property is fully furnished and has generated $40,000 in rental revenue over the past 12 months from a mix of month-to-month and short-term rentals. Recent updates include HVAC modifications, a new mini-split for the studio, sealed crawl space with dehumidifier, Foamax insulation, and a 20-foot sewer line replacement. The back gate has been widened for easy access, and both HVAC systems were serviced in September 2024. With a certificate of occupancy post-renovation, this property is ready to generate income from day one.
Located in a highly walkable area, this home is just minutes from Wilmington's booming Cargo District, a creative hub filled with breweries, coffee shops, boutiques, and repurposed shipping container spaces. It's also a short walk to Castle Street's thriving arts and dining scene, home to vintage shops, local galleries, and some of the city's most talked-about restaurants. Easy access to downtown, the Riverwalk, and area beaches makes this an ideal location for both residents and renters alike. Don't miss this prime investment in one of Wilmington's most sought-after areas!
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning R-5
Direction From Castle St, turn right onto S 17th St, left onto Orange St, home will be on the left
Location Details Mainland
Rooms
Basement Crawl Space
Primary Bedroom Level Primary Living Area
Interior
Interior Features Kitchen Island,Master Downstairs,9Ft+ Ceilings,Apt/Suite,Ceiling Fan(s),Furnished,Walk-in Shower,Eat-in Kitchen
Heating Electric,Heat Pump
Cooling Central Air
Window Features Blinds
Exterior
Parking Features On Street
Roof Type Architectural Shingle
Porch Covered,Patio,Porch
Building
Story 1
Entry Level One
Sewer Municipal Sewer
Water Municipal Water
New Construction No
Schools
Elementary Schools Snipes
Middle Schools Williston
High Schools Hoggard
Others
Tax ID R05406-011-021-000
Acceptable Financing Cash,Conventional,FHA,VA Loan
Listing Terms Cash,Conventional,FHA,VA Loan
Virtual Tour https://www.zillow.com/view-3d-home/b19a9189-dae8-4aa9-a9cc-4a278486ef73?setAttribution=mls&wl=true&utm_source=dashboard