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Description Open House Details Location Market Trends Schools Recent Sales
$2,750,000 Est. $10,126 / mo.*

1101 Emory Street Wilmington , NC 28405

Courtesy of Adam Hashem, East Atlantic Realty LLC

Description

0 Sqft
Status: Active
Property Type: Single Family Residence
Year Built: 1971
Neighborhood: Creekwood
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.

Open House

Property Details and Features

Property Access
Road Type/Frontage:
Public (City/Cty/St)
Building
Heated SqFt Range:
0 - 200
Built in 1971
1 story
Construction:
Wood Frame
Porch/Balcony/Deck:
See Remarks
Stories/Levels:
One
Cooling
Central Air
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Contact an Agent

910 547-4653

Location

$2,750,000 -
1101 Emory Street Wilmington , NC 28405
County: New Hanover

Street View

Nearby Schools

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