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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

Bathrooms

Total Baths

Other Interior Features

SmokingYNNo
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for

Attached Garage No
Availability Date2025-05-29
Business TypeOther
Carport Y/NNo
CityWilmington
CountyNew Hanover
Current UseVacant, Residential
DirectionsPine Grove to Beasley Rd. on right
Garage Y/NNo
Gross Income168000.0
HOANo
Home Warranty Y/NNo
In City Limits? (Y/N)Yes
Land Lease Y/NNo
Lease Considered Y/NNo
Lease TypeSee Remarks
Legal DescriptionLT 1, 2, 3, 4 CHARITY MCLAURIN LANDS. LOT 9 Castlewood. LOT 10 & TR A CASTLEWOOD
Lot Size Square Feet189921.0
Lot Size UnitsAcres
New ConstructionNo
Parcel NumberR06120-007-018-000
PossessionClose Of Escrow, At Closing
Property Attached Y/NNo
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Subdivision NameNot In Subdivision
Tax Assessed Value437200
Tax Year2025
Year Built2002
ZoningR-15

Exterior for

Building Area Total1302
Crops Included Y/NNo
Horse Y/NNo
Lot Dimensionsirregular
Lot Size Acres4.36
Lot Size Area4.36
SpaNo
Waterfront Y/NNo

Additional Details

Price History

Micheal Byrd

Price $2,800,000
MLS#100512238
List Date 06/06/2025
Property Type Commercial
Phone 910.616.2290
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