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Beth Frazer Real Estate & Rentals
Beth Frazer Real Estate & Rentals
sales@bethfrazer.com +1(252) 249-1001$2,750,000
Est. payment /mo
10,716 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Creekwood
MLS Listing ID 100517139
Year Built 1971
Annual Tax Amount $1,281
Lot Size 10,716 Sqft
Acres 0.25
Lot Dimensions irregular
Source Hive MLS
Property 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.
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.
Location
State NC
County New Hanover
Community Creekwood
Zoning MD-17
Direction Market Street to Princess Place Drive to N. 30th Street, left on Emory Street.
Interior
Heating Electric
Building
New Construction No
Others
Acceptable Financing 1031 Exchange, Cash
Listing Terms 1031 Exchange, Cash
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Listed by East Atlantic Realty LLC
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "