1. North Carolina
  2. Wilmington
  3. 106 N Water Street 907
$399,000

106 N Water Street 907, Wilmington, NC 28401

  • 1 bed |
  • 1 bath |
  • 585 sqft
  • Property Icon Condominium
  • Property Year Built Icon Built in 2000
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $682/sqft
  • Property List Date Icon Listed 3 days ago

Property 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.

Listing Status:
Active
Listing Office:
Intracoastal Realty Corporation : 910-769-8290
MLS ID:
100533151
  • General: High CeilingsKitchen IslandElevatorCeiling Fan(s)FurnishedBlinds/Shades
  • Master Bedroom: Primary Living Area
  • Appliances: Electric OvenBuilt-In MicrowaveWasherRefrigeratorDryer
  • Laundry: Laundry Closet
  • Basement: None
  • Flooring: LVT/LVP
  • A/C: Heat Pump
  • Heating: Heat PumpElectric
  • Fireplace: None
  • Disability Feature: Accessible Elevator Installed
  • Other Structures: BalconyCovered
  • Pool: None
  • Parking: Parking LotLightedOff StreetOn SiteParking spaces: 0
  • Roofing: Flat
  • General: ConcreteBrickBrick Veneer4th Floor or Higher UnitSlab
  • Road/Access: City StreetState Road
  • HOA Amenities: Roof MaintenanceElevator(s)Flood InsuranceMaintenance Common AreasMaintenance GroundsMaintenance StructureManagementMaster InsurePest ControlSewerSidewalksTermite BondTrashWaterCable TV4800.0
  • Originating MLS: Hive MLS
  • School District: New Hanover
  • County: New Hanover
  • Zoning: CBDUNIT 9G WATER STREET CENTER CONDOSR04720-007-023-103
  • View: MarshRiverWater
  • Fencing: None
  • Utilities: Sewer ConnectedWater Connected
  • Water: Public
  • Sewer: Municipal SewerCape Fear Public Utility Authority
  • Source: Hive MLS

This listing courtesy of Intracoastal Realty Corporation

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Annie H Snipes Academy of Arts & Design

2150 Chestnut St, Wilmington, NC, 28405

Grades KG-5

1.70 miles away

W

Williston Middle School

401 S 10th St, Wilmington, NC, 28401

Grades 6-8

0.95 miles away

N

New Hanover High School

1307 Market St, Wilmington, NC, 28401

Grades 9-12

1.00 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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