Wilmington, NC 28409
$2,800,000
Property Type:
Comm Sale or Lease
Square Footage:
1,302
Lot Size (sq. ft.):
189,921
Status:
Active
Current Price:
$2,800,000
List Date:
6/07/2025
Last Modified:
6/07/2025
Description
Turnkey 9-unit residential portfolio offered with roughly two additional contiguous acres of adjacent land in a prime infill location - total acreage of site is 4.36 ac. Fully leased and well-maintained, this stabilized income-producing asset presents both immediate cash flow and long-term upside. The property features a mix of unit types, some with garages, and sits within a strong rental submarket. The additional acreage offers excellent development potential for expansion, subdivision, or future redevelopment. A rare opportunity to acquire both rental income and infill land in a single package.
Seller's are listing brokers and licensed NC Real Estate Brokers.
More Information MLS# 100512238
Building/Ext Features
Lot Acres: 4.36
Lot SqFt: 189921
Lot Dimensions: irregular
SqFt - Total Available: 1302
Location Type: Mainland
Contract Info
Available Date: 2025-05-29
Delayed Marketing?: No
Garage: N/A
List Price/SqFt: 2150.54
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-06-06
Listing Price: 2800000
Current Price: $2,800,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
County: New Hanover
State/Province: NC
Zip Code: 28409
Subdivision: Not In Subdivision
Remarks and Showing
Sign on Property: No
Directions to Property: Pine Grove to Beasley Rd. on right
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 437200
Deed Book: 6340
Deed Page: 961
Legal: LT 1, 2, 3, 4 CHARITY MCLAURIN LANDS. LOT 9 Castlewood. LOT 10 & TR A CASTLEWOOD
Broker Owner: Yes
PID: R06120-007-018-000
Tax Identifier: R06120-007-018-000
Plat Book: 0
Plat Page: 0
Special Assessments: None
Tax Year: 2025
Zoning: R-15
Cobra Zone: No
Year Built: 2002
Business Type
Other: 1
Current Use
Residential: 1
Vacant: 1
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Sale/Lease Includes
Buildings: 1
Land: 1
Heating System Fuel Source
See Remarks: 1
Financial Info
Gross Income: 168000
Lease Types
See Remarks: 1
BuildingExt Features
SqFt - Heated (Primary): 1302
Property Features
Business Type: Other
Current Use: Residential; Vacant
Heating System Fuel Source: See Remarks
Terms: 1031 Exchange; Cash; Conventional
Lease Types: See Remarks
Listing Office:
Cadence Realty Corporation
IDX
Last Updated: June - 07 - 2025
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