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Wilmington, NC 28409

$2,800,000

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Presented By: Cadence Realty Corporation
  • MLS# 100512238
  • 06/06/2025
  • Request Tour
  • Request Info
  • SQFT • 1,302

Home Details

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.
Presented By: Cadence Realty Corporation

Interior Features for

Other Interior Features

List Price/SqFt2150.54

General for

CityWilmington
City LimitsYes
Co Listing Member NameLuke A Waddell
Cobra ZoneNo
CountyNew Hanover
Days on Market7
Listing Member NameJarrod Covington
Location TypeMainland
Lot Sqft189921.00
New ConstructionNo
PossessionAt Closing
Property TypeG
Sale/Lease IncludesBuildings, Land
Secondary SubdivisionN/A
Special AssessmentsNone
StatusActive
Stipulation of SaleStandard
Sub-TypeOther
SubdivisionNot In Subdivision
Tax Assessed Value437200.00
Tax Year2025
Terms1031 Exchange, Conventional, Cash
Year Built2002
ZoningR-15
current useResidential, Vacant

Exterior for

Lot Acres4.36
Lot Dimensionsirregular
MLS Identifier20150918160742258811000000
SqFt - Total Available1302.00

Additional Details

Price History

Gavin Desarno

Price $2,800,000
MLS#100512238
List Date 06/06/2025
Property Type Commercial
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