106 N Water Street Unit 907, Wilmington, NC 28401 – MLS# 100533151

Property Map

$399,000 – 106 N Water Street Unit 907, Wilmington, NC 28401

Street View

$399,000
1 Bed
1 Bath
585 SqFt
Acre Lot
Sqft Lot
Status Active
Property Type Condominium
Price Type
Year Built 2000
Neighborhood Water Street Center Condo
Days on Website 20

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

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