NOT LISTED FOR SALE

121 E 2nd St Washington, NC 27889

-- Bed
-- Bath
7,720 Sq Ft
0.52 Acres

Last Sold December 13, 2021

Last sale price $865,000 $112 Per Sq Ft

15 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Forced Air Heating and Cooling System
  • Eastern Elementary School Rated A-
  • No HOA
  • 4-minute walk to Festival Park

About This Home

As of December 2021

Historic Downtown Washington 11-unit apartment building is the perfect location for those looking for long-term and short-term investment opportunities. Grand turn-of-the-century home was beautifully and completely renovated and modified in 2016. The property has 8 1-Bedroom apartment units, 2 2-Bedroom apartments and 1 studio apartment. 1 furnished unit is designed for short-term rental. Most leases are longer-term annual leases, but this convenient location lends itself to a lucrative Air BnB-type situation, as well. Street parking is ample in front of the property plus a public parking lot is immediately adjacent to the building. Located 1/2 block from downtown shops and restaurants and only 2 blocks from the beautiful Pamlico River. Walking distance to local government buildings and downtown businesses. Short drive to Vidant Beaufort Hospital and other Washington Businesses. Also convenient to Greenville. Gross income and Net Operating Income are available upon request. Excellent occupancy rate averages 91%. Short-term furnished unit is currently available for rent and is the only vacancy.

Last Agent to Sell the Property

Maria Wilson

Coldwell Banker Sea Coast Advantage - Washington License #145787 Listed on: 09/13/2021

Coldwell Banker Sea Coast Advantage - Washington

Last Buyer's Agent

A Non Member

A Non Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,397

Year Built

  • Built in 1900

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 104 x 217 x 105 x 217
  • Corner Lot

Home Design

  • 7,720 Sq Ft Home
  • Block Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Flooring

  • Wood
  • Laminate
  • Tile

Parking

  • Public Parking
  • Driveway
  • Paved Parking

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • Historic District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5675889077

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,397

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: G
  • Sub Type: Multi-Family
  • Sub Type2: Other
  • Cobra Zone: No
  • Construction: Wood Frame
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished - No
  • Flooring: Laminate, Tile, Wood
  • List Price per Sq Ft: 115.93
  • Sq Ft Heated: 7720.00

Exterior Features

  • Exterior Finish: Wood Siding
  • Foundation: Block
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Roof: Metal, Shingle

Garage/Parking

  • Parking Driveway: Paved, Public
  • Garage: No

Utilities

  • Cooling System: Central
  • Heating System: Forced Air
  • Service Providers Electric Provider: City of Washington
  • Service Providers Sewer Provider: City of Washington
  • Service Providers Water Provider: City of Washington
  • Utilities: Municipal Sewer, Municipal Water
  • Water Heater: Electric
  • HeatingSystemFuelSource: Electric

Association/Amenities

  • HOA: No

Lot Info

  • Deed Book: 1937
  • Deed Page: 540.00
  • Lot Acres: 0.52
  • Lot Description: Corner Lot
  • Lot Dimensions: 104 x 217 x 105 x 217
  • Lot Sq Ft: 22651.00
  • Lot Water Features: None
  • Zoning: B2

Tax Info

  • Tax Identifier: 5675889077
  • Tax Year: 2020
  • Total City Real Estate Property Tax: 4275.00
  • Total Real Estate Property Taxes: 9397.00

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/13/2021 12/13/21 Sold $865,000 -3.4% $112 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
09/13/2021 09/13/21 For Sale $895,000 -- $116 / Sq Ft
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100290481

Hive MLS