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2852 Worth Dr, Wilmington
$1,415,000
12 Beds ⋅ 8 Baths ⋅ 100585367 MLS
Multi-family investment opportunity available in Wilmington's Midtown area. Built in 2022, this property consists of two duplex-style buildings, totaling four condominium units, with renters currently in place. Each two-story unit offers 1,501 square feet of thoughtfully designed living space, along with a 473 square foot two-car garage. Every unit features three bedrooms, including a spacious primary suite with vaulted ceilings and a spa-inspired bathroom. The additional bedrooms provide comfortable living space, abundant natural light, stylish finishes, and generously sized closets. The second floor includes a full-size laundry area and ample storage throughout. The main living level features an open-concept design, with natural light flowing through the large living room into the dining area and modern kitchen. Each unit also offers access to a covered front porch or patio, providing additional outdoor living space. Each home includes all appliances and features custom design selections with upgraded finishes throughout, including wood cabinetry and granite countertops. Conveniently located near the river, downtown Wilmington, area beaches, entertainment venues, museums, art districts, restaurants, shopping, and more, this property presents an excellent investment opportunity. With renters already in place and continued demand for housing, this development offers strong potential for steady rental income and long-term investment value.

2852 Worth Dr, Wilmington

605-609 Nixon St, Wilmington
$2,350,000
36 Beds ⋅ 12 Baths ⋅ 100443909 MLS
Presenting 605, 607 and 609 Nixon St. in Downtown Wilmington, consisting of 12 units across three quadruplex condominiums on +/- .70 acres. Each unit contains three bedrooms and one full bath, plus recent renovations including granite counter tops in the kitchens and bathrooms, laminate flooring throughout and tile flooring in the bathrooms. The downstairs units feature fenced patios with outdoor storage closets while the upstairs units have covered balconies with outdoor storage closets. Rents on five of the units are subsidized with housing vouchers through the Wilmington Housing Authority. The Housing Authority recently approved a currently vacant unit for an 18% rent increase, the seller is in the process of having three others approved at the same rate. The opportunity for future similar increases on the remaining units at lease renewal and turnover provides a generous value add. The tenants are responsible for electric, water, sewer and cable. The property is located adjacent to the popular Brooklyn Arts District in Downtown Wilmington, NC. The immediate area offers access to public parks, medical care, pharmacy, transportation, restaurants and entertainment. The Wilmington MSA is one of the fastest growing in North Carolina--encompassing New Hanover, Brunswick and Pender Counties. Demand for affordable housing is outpacing supply by a wide margin throughout the region, supporting this offering as a durable investment.

605-609 Nixon St, Wilmington

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