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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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4946 Wrightsville Ave , Wilmington, NC 28403
$3,495,000
Est. Payment: $7,766.67/mo
0 Bed
0 Bath
1733 Sqft
Status: Active | Days on site: 158
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579503319 - 579515878,579515730
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House Description

A stabilized, income-producing portfolio rarely comes to market in Wilmington's most reliable rental submarket, and when it does, it looks like this. Six single-family homes (each on its own separate parcel) positioned on Wrightsville Avenue and Park Avenue in the 28403 zip code, approximately two minutes from UNCW. All six homes are 4 bedrooms, 3 bathrooms with open-concept living designed for shared occupancy. Every home is fully leased through July of 2026 with five out of the six leases at $3,800 per month and one at $3,600 per month producing $271,200 in gross annual rental income. Then, there are six new leases in place through July of 2027, all at $3,800 per month producing $273,600 in annual gross income. There is no lease-up period, no vacancy risk on the near horizon, and no learning curve. The portfolio is under professional management with online tenant portals and structured lease agreements already in place. Since ownership, gross rents have increased by approximately 12% and multiple capital improvements have been completed across the portfolio (including newer HVAC systems, water heaters, and appliance updates in several units). A full property-by-property improvement summary is available upon request. The location drives consistent tenant demand: approximately 2 minutes to UNCW, 5 minutes to Wrightsville Beach, 10 minutes to Wilmington International Airport, and 15 minutes to downtown Wilmington. This submarket has historically maintained high occupancy and strong lease renewal activity. For a qualified investor seeking immediate income, an experienced buyer completing a 1031 exchange, or an owner-operator looking to acquire a functioning management system alongside the assets themselves, this portfolio represents a rare opportunity to step into a stabilized position in one of coastal North Carolina's most durable rental corridors.

Highlights

Listed by Gillespie Group , 910-620-4380 and Sara E Darby , 910-520-8768 Carolina One Properties Inc. , 910-679-6565.

Property Type

Commercial Sale

Lot/Acreage
0.22

Year Built

1998

County

New Hanover

Neighborhood

Not In Subdivision

Listing ID

100560554

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Water:Public

Exterior Features

Lot Dimensions:irregular
Zoning:R-15
Roof:Shingle
Parking Features:See Remarks,Off Street,On Site,Paved
Principal Interest
$7,767
Taxes
$2,228

Home Price

$3,495,000

Loan Details

30 yrs
%

Down Payment

20%
$699,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,766.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,766.67 $2,228.06 $0.00 $9,994.73
Yearly $93,200.00 $26,736.75 $0.00 $119,936.75
Total $2,796,000.00 $802,102.50 $0.00 $3,598,102.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Wilmington, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.