Wilmington, NC 28401,106 N Water ST #907
Wilmington, NC 28401,106 N Water ST #907
Wilmington, NC 28401,106 N Water ST #907
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$399,000
Est. payment /mo
1 Bed
1 Bath
585 SqFt
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Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 585 sqft

Price per Sqft $682

Subdivision Water Street Center Condo

MLS Listing ID 100533151

Style Wood Frame

Bedrooms 1

Full Baths 1

HOA Fees $4,800

HOA Y/N Yes

Year Built 2000

Property Sub-Type Condominium

Source Hive MLS

Property Description

TOP-FLOOR, turnkey investment opportunity in one of downtown Wilmington's premier riverfront condo buildings. Unit 907 is a fully furnished 1BR/1BA with 585 sq. ft., large enclosed balcony, and unobstructed Cape Fear River views. The property boasts an outstanding rental history (over $35K gross rental income in 2024) with proven demand across short-, medium-, and long-term stays.

Key upgrades include a remodeled kitchen and bath plus a new HVAC installed in May 2024. Unlike many comparable units, this condo features a full kitchen, making it attractive to extended-stay tenants such as traveling professionals. HOA permits short-term rentals, a rare distinction in the Historic District, broadening income potential.

Property is offered fully furnished and stocked, allowing for immediate income generation. Located on the 9th floor, residents enjoy quiet separation from downtown street activity and some of the best sunset views in Wilmington. Strong guest reviews consistently highlight comfort, views, and location.

Ideal for investors seeking a proven, flexible income stream, or for buyers wanting a second home with offsetting rental revenue. Contact listing agent for showing instructions, as unit is frequently occupied.

Location

State NC

County New Hanover

Community Water Street Center Condo

Zoning CBD

Direction Starting at the intersection of Chestnut Street and Front Street, head west on Chestnut and turn left on Water St.

Rooms

Basement None

Primary Bedroom Level Primary Living Area

Interior

Interior Features High Ceilings, Kitchen Island, Elevator, Ceiling Fan(s), Furnished, Blinds/Shades

Heating Heat Pump, Electric

Cooling Heat Pump

Flooring LVT/LVP

Fireplaces Type None

Furnishings Furnished

Fireplace No

Appliance Electric Oven, Built-In Microwave, Washer, Refrigerator, Dryer

Laundry Laundry Closet

Exterior

Parking Features Parking Lot, Lighted, Off Street, On Site

Pool None

Utilities Available Sewer Connected, Water Connected

Amenities Available Roof Maintenance, Elevator(s), Flood Insurance, Maintenance Common Areas, Maintenance Grounds, Maintenance Structure, Management, Master Insure, Pest Control, Sewer, Sidewalks, Termite Bond, Trash, Water, Cable TV

Waterfront Description None

View Marsh, River, Water

Roof Type Flat

Accessibility Accessible Elevator Installed

Porch Covered, Balcony

Building

Story 1

Entry Level One

Foundation Slab

Water Public

New Construction No

Schools

Elementary Schools Snipes

Middle Schools Williston

High Schools New Hanover

Others

Tax ID R04720-007-023-103

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard


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Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors
Listed by Intracoastal Realty Corporation

Nearby School & Business

SCHOOLS PROPERTIES
Elementary Schools 14
  • 8

    Cape Fear Center for Inquiry

    Public | KG - 8

  • 6

    Belville Elementary School

    Public | KG - 5

  • 5

    Douglass Academy

    Public | KG - 2

  • 4

    Sunset Park Elementary School

    Public | KG - 5

  • 3

    Edwin a Alderman Elementary School

    Public | KG - 5

  • 2

    Gregory School of Math, Science, and Tec

    Public | KG - 5

  • 2

    R Freeman School of Engineering

    Public | PK - 5

  • 1

    A H Snipes Academy of Arts/Des

    Public | PK - 5

  • 1

    Forest Hills Global Elementary School

    Public | PK - 5

  • 0

    St Mary Catholic School

    Private | PK - 8

  • 0

    Lake Forest Academy

    Public | KG - 8

  • 0

    Calvary Christian School

    Private | PK - 8

  • 0

    Peace Rose Montessori School

    Private | PK - 2

  • 0

    Wilmington Seventy-Day Adventist School

    Private | KG - 7

Middle Schools 2
  • 1

    D.C. Virgo Preparatory Academy

    Public | 6 - 7

  • 1

    Williston Middle School

    Public | 6 - 8

High Schools 1
  • 4

    New Hanover High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Wendy Wiegand

Wendy Wiegand

+1(910) 224-8733

Broker-Owner | License ID: 278420

Broker-Owner License ID: 278420

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