TOP-FLOOR, turnkey investment opportunity in one of downtown

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Condo For Sale

106 N Water Street unit: 907

Wilmington, North Carolina 28401

New Hanover County Water View: Yes

Community: Water Street Center Condo

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$399,000 1 br, 1.0 bath 585 sq. ft. 0.000 acres

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.

Interior:
  • Bedrooms: 1
  • Baths: 1.0
  • Sq Ft: 585
  • Year Built: 2000
  • Utilities: 
  • Fireplaces: 
  • Stories: 1
  • Heat/AC: Electric (Heating), Heat Pump (Heating)
  • Garage: Off Street, Parking Lot
Exterior:
  • Lot Size: 0.000 acre
  • Lot Dimensions: 
  • View Types: River, Water
  • Yard: 
  • Siding: Concrete, Brick, Brick Veneer
  • Roof: Flat
  • Property Taxes: $2,444
  • MLS #: 100533151
  • Unit Number: 907
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Contact Information:
Beach Condo For Sale in Wilmington, North Carolina
Listing Agent: David and Francisca Oller Team, Intracoastal Realty Corporation, 203-912-5578, 910-769-8290 Listing Site, Listing Status: Active
Copyright © 2025 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6793850
Viewed 21 times.
Updated: Nov 18, 2025

This property is a Condo located at 106 N Water Street unit: 907, Wilmington, North Carolina 28401, and is currently For Sale at $399,000. This Condo has 1 bedrooms, 1.0 baths, 585 sq ft.