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$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

$649,900
8 Beds 4 Baths 100577978 MLS
Rare opportunity! This is 1 of 8 Duplexes in downtown Wilmington next to a new home development in Love Grove for sale. The 8 individual duplex package can be broken up or sold individually or one big package. Each Duplex is listed for 649,900k with the ability to buy individually or all together. You can really see the time and effort the developer/builder/owner put into making and creating this perfect portfolio compound of major cash flow! If buying only 1 duplex you will have 2 units that each side has 4 bedrooms 2 full bathrooms, fenced in backyard on each side and private driveway on each side. If you get all 8 Duplexes which breaks down to be 16, 4 bedroom 2 bath units with 1,548 Sqft per unit for a total of 24,768 sqft, 64 bedrooms, 32 bathrooms. All 8 duplexes are side by side and all in a row on the same street. Each duplex is on its own parcel. Every unit has their own driveway and fenced in backyard. There is also a storage unit in the back of every unit. Granite counter tops, stainless steel appliances water proof flooring and so many great features. Floor plans reads 1 bedroom down stairs and 3 upstairs. Floor plans and specs are attached to the mls or can be provided upon request. We have left some vacant and some occupied to help give a variety to all types of buyers/investors. They can be rented easily. Every lease is government backed and guaranteed through Sec8 program. Each tenant had to meet criteria of no previous evictions, no felonies, strong reference from past landlords and wanted to stay at the property for many years after initial lease period. They do not have to be sec8 if not wanted. Currently total rental income a month PER DUPLEX is 5300 a month for one duplex or 43,200 for all 8 duplexes per MONTH. This opportunity gives you the chance to own 1-8 almost new multifamily properties in a fantastic area in one of the fastest growing cities in the country with an even better return. Easy to manage, fully occupied if wanted and like new! Reach out for a private tour or for more information

1501 Stanley St Unit A&B, Wilmington

$725,000
8 Beds 4 Baths 100545578 MLS
Rare opportunity! This is 1 of 8 Duplexes in downtown Wilmington next to a new home development in Love Grove for sale. The 8 unit duplex package can be broken up or sold in smaller or one big package. You can really see the time and effort the developer/builder/owner put into making and creating this perfect portfolio compound of major cash flow! 8 Duplexes which breaks down to be 16, 4 bedroom 2 bath units with 1,548 Sqft per unit for a total of 24,768 sqft, 64 bedrooms, 32 bathrooms. All 8 duplexes are side by side and all in a row on the same street. Each duplex is on its own parcel. Every unit has their own driveway and fenced in backyard. There is also a storage unit in the back of every unit. Granite counter tops, stainless steel appliances water proof flooring and so many great features. Floor plans reads 1 bedroom down stairs and 3 upstairs. Floor plans and specs are attached to the mls or can be provided upon request. Each tenant has been handpicked by the owner with long history and track records. Every lease is government backed and guaranteed though Sec8 program. Each tenant had to meet criteria of no previous evictions, no felonies, strong reference from past landlords and wanted to stay at the property for many years after initial lease period. They do not have to be sec8 if not wanted. Currently total rental income a month is about 40k a month or 480k a year! This opportunity gives you the chance to own 8 almost new multifamily properties in a fantastic area in one of the fastest growing cities in the country with a even better return. Easy to manage, fully occupied and like new! Reach out for a private tour or for more information

1308 Corbett St Unit A&B, 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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