Average square foot calculated using Size range provided by listing agent.
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.Show Description
MLS® Number100518138
Laundry Level
Central VacNo
FireplaceNo
Acreage0
Exterior
GarageNo
Approx. Age1971
Basement
DrivewaySee Remarks
Garage Spaces
HeatElectric, Heat Pump
A/CCentral Air
Heating Fuel
Extras
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