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… Read More 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. Read Less
Courtesy of Adam Hashem, East Atlantic Realty LLC
Listing Snapshot
Days Online
63
Last Updated
Property Type
Single Family Residence
Year Built
1971
MLS Number
100518138
30 Days Snapshot Of 28405
$785k
+30%
(avg) sold price
31
-24%
homes sold
73
-19%
(avg) days on market
Snapshot
Area Map
Additional Details
Cooling
Central Air
Property Access
Road Type/Frontage: Public (City/Cty/St)
Building
Heated SqFt Range: 0 - 200, Built in 1971, 1 story, Construction: Wood Frame, Porch/Balcony/Deck: See Remarks, Stories/Levels: One
Dining Room
Dining Room Type: Combination, Kitchen
Exterior Features
Exterior Finish: Brick Veneer
Fence
None
Fireplaces
None
Foundation
Combination, Slab, Crawl Space
Heating
Heat Pump
Interior Features
None
Lot
Lot Dimensions: 0
Parking
See Remarks
Pool
See Remarks
Property
Zoning: MF-M
Roof
Shingle
Taxes
City Tax Rate: 6387, Tax Year: 2025
Utilities
Sewer Available, Water Available
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