Investor's dream! Rare opportunity to own both 509 and 511, featuring a beautifully renovated 3-bedroom, 1-bath bungalow plus a detached studio apartment above the garage. With income-producing potential and the ability to subdivide the lot (buyer to verify), this property offers incredible flexibility for investors, owner-occupants, or multigenerational living.
Nestled beneath a stunning mature live oak on a .20-acre lot, the main home welcomes you with a charming front porch and private driveway. Inside, you'll find refinished hardwood floors, new tile flooring, a beautifully renovated kitchen and bathroom, brand-new kitchen appliances, and fresh paint throughout. Major updates include a new HVAC system (2023), all new windows and exterior doors, updated interior and exterior lighting, and exterior wood replacement.
The detached studio apartment creates an excellent opportunity for rental income, a guest suite, or a private home office. Below, the garage provides ample storage, while the detached backyard shed offers even more space for tools and equipment. The fully fenced backyard is a blank canvas with plenty of room for gardening, entertaining, or creating your own outdoor oasis.
Located within walking distance of the South Front District and just minutes from Greenfield Lake, the Cargo District, and historic downtown Wilmington. Enjoy easy access to the 5th Avenue bike route, making it simple to reach Wilmington's restaurants, breweries, shopping, and riverfront attractions.
Whether you're expanding your investment portfolio, house hacking, or searching for a property with future development potential, opportunities like this are hard to find.
11 days
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Zillow last checked:
Listing updated:
Listed by:
Derek Criscitiello910-545-6009,
Coldwell Banker Sea Coast Advantage
Source: Hive MLS,MLS#: 100586361Originating MLS: Cape Fear Realtors MLS, Inc.
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Rooms
Room types: Living Room, Bedroom 1, Bedroom 2, Bedroom 3
Bedroom 1
Level: Main
Dimensions: 9 x 12
Bedroom 2
Level: Main
Dimensions: 9 x 9
Bedroom 3
Level: Main
Dimensions: 9 x 9
Kitchen
Level: Main
Dimensions: 10 x 12
Living room
Level: Main
Dimensions: 12 x 12
Heating
Electric, Heat Pump
Cooling
Central Air
Appliances
Included: Gas Oven
Laundry: In Hall
Features
Master Downstairs, Apt/Suite
Flooring: Tile, Hardwood
Basement: None
Attic: Floored,Pull Down Stairs
Interior area
Total structure area: 799
Total interior livable area: 799 sqft
Property
Parking
Total spaces: 1
Parking features: Off Street, Paved
Garage spaces: 1
Accessibility
Accessibility features: None
Features
Levels: One
Patio & porch: Covered, Porch
Exterior features: None
Fencing: Back Yard,Wood
Has view: Yes
View description: See Remarks
Frontage type: See Remarks
Lot
Size: 8,712 Square Feet
Dimensions: 90 x 100
Details
Additional structures: Guest House
Parcel number: R05413021002000
Zoning: R-5
Special conditions: Standard
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Materials
Wood Siding, Wood Frame
Foundation: Brick/Mortar, Block
Roof: Architectural Shingle
Condition
New construction: No
Year built: 1910
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Sewer Connected, Water Connected
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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