1101 Emory Street
Wilmington, NC 28405
#100518138
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.
Property Details
- Utility FeaturesSewer Available, Water Available
- Property SubtypeSingle Family Residence
- HeatingElectric, Heat Pump
- Parcel NumberR04812-001-005-000
- FoundationCombination, Slab
- Middle SchoolHolly Shelter
- CoolingCentral Air
- Cooling FeaturesCentral Air
- Pool DescriptionSee Remarks
- Pool FeaturesSee Remarks
- Parking FeaturesSee Remarks
- School DistrictNew Hanover
- High SchoolNew Hanover
- CountyNew Hanover
- Original List Price$2,750,000
- Structure TypeWood Frame
- SubdivisionCreekwood
- MLS #100518138
- MLS #100518138
- Property TypePurchase
- RoofShingle
- Elementary SchoolFreeman
- Cost2750000
- Year Built1971
- ZoningMF-M
- Stories1
- Days on Market (Cumulative)2
Location
Legal
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Last Updated: . Source: HIVEMLS
Listing Courtesy
Listing Agent: Adam Hashem (#579514011), Email: adam.hashem7@gmail.com
Listing Office: East Atlantic Realty LLC (#579503551)
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