106 N Water ST #907 Wilmington, NC 28401
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Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 585 sqft
Price per Sqft $682
Subdivision Water Street Center Condo
MLS Listing ID 100533151
Style Wood Frame
Bedrooms 1
Full Baths 1
HOA Fees $4,800
HOA Y/N Yes
Year Built 2000
Property Sub-Type Condominium
Source Hive MLS
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.
Location
State NC
County New Hanover
Community Water Street Center Condo
Zoning CBD
Direction Starting at the intersection of Chestnut Street and Front Street, head west on Chestnut and turn left on Water St.
Rooms
Basement None
Interior
Interior Features High Ceilings, Kitchen Island, Elevator, Ceiling Fan(s), Furnished, Blinds/Shades
Heating Heat Pump, Electric
Cooling Heat Pump
Flooring LVT/LVP
Fireplaces Type None
Furnishings Furnished
Fireplace No
Appliance Electric Oven, Built-In Microwave, Washer, Refrigerator, Dryer
Laundry Laundry Closet
Exterior
Parking Features Parking Lot, Lighted, Off Street, On Site
Pool None
Utilities Available Sewer Connected, Water Connected
Amenities Available Roof Maintenance, Elevator(s), Flood Insurance, Maintenance Common Areas, Maintenance Grounds, Maintenance Structure, Management, Master Insure, Pest Control, Sewer, Sidewalks, Termite Bond, Trash, Water, Cable TV
Waterfront Description None
View Marsh, River, Water
Roof Type Flat
Accessibility Accessible Elevator Installed
Porch Covered, Balcony
Building
Story 1
Entry Level One
Foundation Slab
Water Public
New Construction No
Schools
Elementary Schools Snipes
Middle Schools Williston
High Schools New Hanover
Others
Tax ID R04720-007-023-103
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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