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AirBnB Investment Sale: 7.8% CAP

624 N 4th Street, Wilmington, NC 28401

Property Type: Investment

Property Size: Building/Unit

Property Description

UPDATED 07/29/2020: New Metal Roof. YTD NOI = $19,243.75 (lost the month of April to Covid-19 Executive Orders). Only off $7400 from 2019 numbers and Fall bookings look strong with Q1 2021 already booked solid.

4 Bedroom AirBnB property For Sale in the Brooklyn Arts section of the Central Business District in downtown Wilmington. $41,327 for 2019 in Net Operating Income. Fully entitled with a transferable city license. Q1 of 2020 was fully booked, with the reopening of the economy, June and July has been strong, and August is already getting booked. Guests pay all fees (cleaning, taxes, online fees, etc). Steady growth over a 4 year period for one of very few 4 bedroom STRs in our market. Next door to the Brooklyn Cafe, a block from breweries, bars, restaurants and the Wilson Center for Performing Arts.

This is a great opportunity for someone looking for a passive income in the sharing economy.

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624 N 4th Street, Wilmington, NC 28401