1101 Emory Street, Wilmington, NC 28405
$2,750,000
Property Type:
Residential
Status:
Active
Current Price:
$2,750,000
List Date:
7/09/2025
Last Modified:
11/19/2025
Description
11-Home Portfolio | $270K+ Annual Income | Fully Occupied | Wilmington, NC. Turnkey investment opportunity with 11 fully occupied, low-maintenance single-family homes—all within 1 mile of each other. Tenants pay all utilities, and recent upgrades totaling over $200K (roofs, HVACs, windows, flooring, paint) mean minimal maintenance is needed moving forward. This portfolio brings in over $270,000/year in government-backed rent, with rent increases already set for October and pro forma income projected near $300K by 2026. Ideally located near the iconic Indochine restaurant, UNCW, and major job centers. Surrounded by new development and positioned near the planned Independence Blvd extension, this area is poised for continued growth—making this a strategic, cash-flowing opportunity in one of Wilmington's fastest-growing pockets. Rent roll and Section 8 docs available upon request.
More Information MLS# 100518138
Building/Ext Features
ud_i_08: 0
Contract Info
Delayed Marketing?: No
Sub-Type: Single Family Residence
Construction Type: Stick Built
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-07-09
Listing Price: 2750000
Current Price: $2,750,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 1101
Street Name: Emory
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28405
Subdivision: Creekwood
Geo Lat: 34.250488
Geo Lon: -77.908135
Remarks and Showing
Sign on Property: No
Directions to Property: 23rd St to MLK Parkway to right on Kornegay thru traffic circle - road becomes Spaulding-right on E. Stewart Circle, left on Emory St., 3rd house on right
Property Exterior Info
New Construction: No
Lot Acres: 0
Lot Dimensions: 0
Lot SqFt: 0
Waterfront: No
Location Type: Mainland
Property Interior Info
Total SqFt - Heated (Primary + Separate): 0
# Rooms: 0
# Baths - Full: 0
# Baths - Half: 0
# Baths - Total: 0
Master Bedroom Level: Primary Living Area
Stories: 1
Legal & Taxes
Tax Assessed Value: 0
Deed Book: 6387
Deed Page: 462464
Legal: Lt 1 Blk J Creekwood North S/D
Broker Owner: No
PID: R04812-001-005-000
Tax Identifier: R04812-001-005-000
Plat Book: 0
Plat Page: 0
Special Assessments: N/A
Tax Year: 2025
Zoning: MF-M
HOA: No
Cobra Zone: No
School District: New Hanover
Elementary School: Freeman
Middle School: Holly Shelter
High School: New Hanover
Garage & Parking
Attached Garage Spaces: 0
Detached Garage Spaces: 0
Total # Garage Spaces: 0
Total Carport Spaces: 0
Parking Features
See Remarks: 1
Construction
Wood Frame: 1
Exterior Finish
Brick Veneer: 1
Terms
Cash: 1
Conventional: 1
Commercial: 1
Fencing
None: 1
Foundation
Combination: 1
Crawl Space: 1
Slab: 1
Patio and Porch Features
See Remarks: 1
Pool Features
See Remarks: 1
Roof
Shingle: 1
Stories/Levels
One: 1
Road Type/Frontage
Public (City/Cty/St): 1
Cooling
Central Air: 1
Heated SqFt
0 - 200: 1
Heating
Heat Pump: 1
Heating System Fuel Source
Electric: 1
Utilities
Sewer Available: 1
Water Available: 1
Interior Features
None: 1
Dining Room Type
Combination: 1
Kitchen: 1
Legal Taxes
Year Built: 1971
Property Features
Construction: Wood Frame
Exterior Finish: Brick Veneer
Fencing: None
Foundation: Combination; Crawl Space; Slab
Parking Features: See Remarks
Patio and Porch Features: See Remarks
Pool Features: See Remarks
Roof: Shingle
Cooling: Central Air
Heating: Heat Pump
Heating System Fuel Source: Electric
Utilities: Sewer Available; Water Available
Interior Features: None
Heated SqFt: 0 - 200
Dining Room Type: Combination; Kitchen
Terms: Cash; Conventional; Commercial
Listing Office:
East Atlantic Realty LLC
IDX
Last Updated: November - 19 - 2025
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