622 Steele Loop, Wilmington, NC 28411
- $432,500
- 5
- BD
- 4
- BA
- 3,132
- SqFt
- Sold Price
- $432,500
- List Price
- $449,900
- Status
- CLOSED
- MLS#
- 100451381
- Closing Date
- Aug 23, 2024
- Days on Market
- 38
- Days On Market
- 38
- Year Built
- 2014
- Levels
- Two
- Bedrooms
- 5
- Bathrooms
- 4
- Half-baths
- 1
- Full-baths
- 3
- Living Area
- 3,132
- Acres
- 0.16
- Neighborhood
- Reserve at West Bay
Property Description
Discover a lucrative opportunity at 622 Steele Loop, where investment meets comfort in this spacious 5-bedroom home ideally positioned just moments from Wrightsville Beach. Currently leased until July 2025, this property generates a robust $3,347.5 per month in rental income, making it a compelling choice for investors seeking immediate cash flow. This meticulously maintained home features an owner's suite on the first floor, offering convenience and privacy. The aggressive pricing reflects the commitment to honoring the current lease, with a projected cap rate of 7%. Located near Wrightsville Beach, this property not only ensures a steady rental income but also a great opportunity for long-term appreciation. Imagine the allure for tenants seeking proximity to sandy shores and coastal charm. Seize this rare opportunity to add a profitable rental property to your portfolio. Whether you're expanding your investments or entering the rental market, 622 Steele Loop represents a smart choice with its strategic location and reliable income stream. Schedule your showing today and explore the possibilities of owning this exceptional investment property. Don't delay - opportunities like this don't stay on the market for long!
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Additional Information
- HOA (annual)
- $400
- Available Amenities
- Maintenance Common Areas, Street Lights
- Interior Features
- Master Downstairs
- Cooling
- Central Air, Attic Fan
- Heating
- Propane, Electric, Forced Air
- Foundation
- Slab
- Roof
- Shingle
- Utilities
- Water Available
- Water
- Public
- Garage Spaces
- 2
- Elementary School
- Porters Neck
- Middle School
- Holly Shelter
- High School
- Laney
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Listing courtesy of Ivester Jackson Christie's. Selling Office: REAL Broker LLC.
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