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805 CASTLE ST
WILMINGTON, NC 28401
Asking Price
$650K
Asset Type
Commercial Multifamily
Class
Class B
What's Special
<p>Three land parcels(803,805 and 807 Castle Street)consisting of approximately 11,979 square feet located on Castle Street. Property is zoned UMX and is right in the middle of a number of development projects. The property is central to the Castle Arts District, close to downtown, Soda Pop and Cargo Districted The UMX zoning opens up the mixed use opportunity for this high visible corner lot assembly.</p>
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NOI
$80,000
Cap Rate
12.31%
DSCR
2.07
Strong
Cash-on-Cash
21.24%
Monthly Payment
$3,215.845
Annual Cash Flow
$41,409.856
