622 Steele Loop
Wilmington, NC 28411
- 5 beds
- 3.5 baths
- 3,132 sqft
- 6,970 sqft lot
- $138 per sqft
- 2014 build
- – on site
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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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Last updated Aug 25, 2024
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MLS# 100451381 —
The Building
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Year Built:2014
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Construction:Wood Frame
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Construction Type:Stick Built
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Exterior Finish:Vinyl Siding
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Roof:Shingle
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Attic:Floored - Partial
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Basement:None
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Foundation:Slab
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Exterior Features:Gas Logs
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Patio and Porch Features:Porch
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Stories/Levels:Two
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Stories:2.0
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SqFt - Heated:3,132 Sqft
Interior
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# Rooms:10
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Interior Features:1st Floor Master
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Dining Room Type:Formal
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Flooring:Carpet, Tile, Wood
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Fireplace:1
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Laundry Features:Room
Location
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Directions to Property:Follow North Market Street towards Ogden | Porters Neck, Left onto Torchwood Blvd, turn Right onto Chipley Drive, Right onto Steele Loop
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Location Type:Mainland
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City Limits:No
The Property
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Lot #:60
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Subtype:Single Family Residence
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Property Type:A
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Lot SqFt:6,839 Sqft
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Lot Dimensions:62' x 110' x 62' x 110
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Waterfront:No
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Water View:No
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Zoning:R-10
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Horses:No
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Fencing:Wood
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Acres Total:0.16
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Road Type/Frontage:Maintained, Paved, Public (City/Cty/St)
Listing Agent
- Contact info:
- Agent phone:
- (910) 619-8710
- Office phone:
- (910) 300-5140
Taxes
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Tax Year:2023
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Property Taxes:$1,722.16
Beds
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Bedrooms:5
Baths
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# Baths - Total:4.00
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# Baths - Full:3
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# Baths - Half:1
Heating & Cooling
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Heating:Forced Air
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Heated SqFt:3000 - 3499
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Cooling:Attic Fans, Central
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Fuel Tank:Gas
Utilities
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Utilities:Community Sewer, Community Water
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Water Heater:Electric
The Community
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Subdivision:Reserve at West Bay
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Secondary Subdivision:N/A
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HOA and Neigh Amenities:Maint - Comm Areas, Street Lights
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HOA: Association Fee 1/Year:400.00
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HOA:Yes
Parking
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Garage & Parking: Total # Garage Spaces:2.00
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Garage & Parking: Attached Garage Spaces:2.00
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Garage & Parking: Driveway Spaces:2.00
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Parking Features:Paved
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/23/24
Aug 23, 2024
|
Sold | HIVE | $432,500 | -3.9% |
|
7/27/24
Jul 27, 2024
|
Pending | HIVE | $449,900 | |
|
6/19/24
Jun 19, 2024
|
Listed / Active | HIVE | $449,900 |
