About N/A
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.
Features of N/A
| MLS® # | 100517139 |
|---|---|
| Price | $2,750,000 |
| Acres | 0.25 |
| Year Built | 1971 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | N/A |
|---|---|
| Subdivision | Creekwood |
| City | Wilmington |
| County | New Hanover |
| State | NC |
| Zip Code | 28405 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Electric |
|---|---|
| Fireplace | No |
Additional Information
| Date Listed | July 2nd, 2025 |
|---|---|
| Days on Market | 114 |
| Zoning | MD-17 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | East Atlantic Realty LLC |
|---|