106 N Water Street Unit 907, Wilmington, NC 28401 – MLS# 100533151
Courtesy of David and Francisca Oller Team, Intracoastal Realty Corporation
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.
HOA Amenities
Property Details and Features
Property Access
- Road Type/Frontage: Public (City/Cty/St)
Appliances & Equipment
- Built-In Microwave
- Washer
- Dryer
- Refrigerator
- Electric Oven
Attic Information
- None
Basement
- None
Bathrooms
- 1 total bathroom
- 1 full bathroom
Bedrooms
- 1 bedroom
Building
- Heated SqFt Range: 400 – 599
- 585 heated sqft
- Built in 2000
- 1 story
- 3 rooms
- Construction: Concrete,Wood Frame
- Porch/Balcony/Deck: Balcony,Covered
- Stories/Levels: 4th Floor or Higher Unit
Cooling
- Heat Pump
Dining Room
- Dining Room Type: Combination
Exterior Features
- Exterior Finish: Brick,Brick Veneer
Fence
- None
Fireplaces
- None
Floors
- LVT/LVP
Foundation
- Slab
Garage
- Garage & Parking: Other – See Remarks: Owner – 1st Come/1st
- Garage & Parking: Owner – 1st Come/1st
Water Features
- Electric
Heating
- Heat Pump
Home Owner’s Association
- HOA
- HOA Amenities: Cable TV,Termite Bond,Water,Trash,Sidewalk,Pest Control,Sewer,Roof Maintenance,Maint – Comm Areas,Master Insure,Management,Maintenance Structure,Maint – Grounds,Elevator(s),Flood Insurance
Interior Features
- Blinds/Shades
- Elevator
- Kitchen Island
- High Ceilings
- Furnished
- Ceiling Fan(s)
Laundry
- Laundry Location: Laundry Closet
Listing
- Listed on 2025-09-27
- Construction Type: Stick Built
- List Price/SqFt: $682
- Terms: Cash,Conventional
Location
- County: New Hanover
- Zip Code: 28401
- Latitude: 34.237101
- Longitude: -77.949952
- Subdivision: Water Street Center Condo
- City Limits: Yes
Lot
- Lot Water Features: None
Parking
- Lighted
- Off Street
- Parking Lot
- On Site
Pool
- None
Possession
- At Closing
- Subject To Tenant Rights
Property
- Zoning: CBD
- Waterview
Roof
- Flat
Additional Rooms
- Rooms: Kitchen,Master Bedroom,Living Room
Schools
- School District: New Hanover
Taxes
- Tax Assessed Value: $382,700
- Property Taxes: $2,444
- City Tax Rate: 6607
- Tax Year: 2025
Utilities
- Sewer Connected
- Water Connected
- Electric Provider: Duke Progress Energy
- Sewer Provider: Cape Fear Public Utility Authority
- Water Provider: Cape Fear Public Utility Authority