Wilmington, NC 28405
$2,750,000
Property Type:
Comm Sale or Lease
Lot Size (sq. ft.):
10,716
Status:
Active
Current Price:
$2,750,000
List Date:
7/02/2025
Last Modified:
7/09/2025
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# 100517139
Building/Ext Features
Lot Acres: 0.25
Lot SqFt: 10716
Lot Dimensions: irregular
SqFt - Total Available: 1439
Location Type: Mainland
Contract Info
Delayed Marketing?: No
Garage: Masterlock
Sale/Lease: Sale
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-07-02
Listing Price: 2750000
Current Price: $2,750,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
County: New Hanover
State/Province: NC
Zip Code: 28405
Subdivision: Creekwood
Remarks and Showing
Sign on Property: No
Directions to Property: Market Street to Princess Place Drive to N. 30th Street, left on Emory Street.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 147300
Deed Book: 6586
Deed Page: 583
Legal: Lot 17 Blk H Creekwood North
Broker Owner: No
PID: R04909-001-003-000
Tax Identifier: R04909-001-003-000
Plat Book: 00
Plat Page: 00
Total Real Estate Property Taxes: 1281.51
Special Assessments: None
Tax Year: 2024
Zoning: MD-17
Cobra Zone: No
Year Built: 1971
Terms
1031 Exchange: 1
Cash: 1
Sale/Lease Includes
See Remarks: 1
Heating System Fuel Source
Electric: 1
Property Features
Heating System Fuel Source: Electric
Terms: 1031 Exchange; Cash
Listing Office:
East Atlantic Realty LLC
IDX
Last Updated: July - 09 - 2025
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