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$399,000

5 months ago

STE-907 - 106 Water St, Wilmington, NC

Condo

1 Bed

1 Bath

585 sqft

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MLS® 100533151

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Condominium
Levels Residential
Size 585 sqft
Garage No
HOA Fees $4,800
Taxes $2,444
Days Active 148
Approx. Age 2000
Avg. Price Per Sqft $682
MLS® Number 100533151

Property Address: ste-907-106 Water St, Wilmington, NC, 28401-4074

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number100533151
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2000
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Rooms

Living Room:Main Floor11 × 15 ft
Kitchen:Main Floor7 × 8 ft
Master Bedroom:Main Floor11 × 11 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 27, 2025List Date
$399,000List Price
  • Commute

Commute

Starting Address
Destination Address
106 Water St, Wilmington, NC

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