This newly constructed multi-family property offers a fantastic investment opportunity with eight luxury townhomes in a prime location. Situated near the hospital, Oleander Drive, UNC Wilmington, and Wrightsville Beach, the property provides tenants with both convenience and accessibility.The development includes two buildings: one with four 3-bedroom, 2.5-bathroom units, each featuring… Read More a one-car garage, and another with four 2-bedroom, 2.5-bathroom units. Each townhome is equipped with modern kitchens and stainless steel appliances, appealing to renters seeking quality living spaces.With projected rents of $2,200 per month for the 3-bedroom units and $2,000 per month for the 2-bedroom units, this property offers a strong return on investment with an estimated cap rate of nearly 7%.Conveniently located close to the area's key amenities, this property is an excellent choice for investors looking to add a high-performing asset to their portfolio. Contact us today for more details! Read Less
Courtesy of Jeremiah Barnett, Keller Williams Innovate-Wilmington
Listing Snapshot
Days Online
143
Last Updated
Property Type
Multi-Family
Square Ft.
10,908
Lot Size
0.78 Acres
Year Built
2024
MLS Number
100478208
30 Days Snapshot Of 28403
$479k
+7%
(avg) sold price
49
+75%
homes sold
85
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Cooling
Central, Heat Pump
Floors
LVT/LVP
Foundation
Slab
Water Features
Electric
Heating
Heat Pump
Home Owner's Association
HOA Amenities: Maint - Comm Areas, Trash, Master Insure, Maint - Grounds
Lot
33,977 sqft lot, Lot Dimensions: TBD, 0.78 acres
Property
10,908 heated sqft, Built in 2024, Construction: Wood Frame, List Price/SqFt: $275, New construction, Zoning: R-5 (CD)
Roof
Shingle
Taxes
City Tax Rate: 6615, Tax Year: 2024
Utilities
Fuel Tank: None
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