Tucked beneath a canopy of mature trees in one of Wilmington's most established neighborhoods, this home offers a rare mix of character, charm, and versatility just moments from Cape Fear Country Club and the beloved Forest Hills area. This 3-bedroom, 2-bath home stands out with its distinctive Southwestern influence, from the arched front porch to the eye-catching terracotta tile roof that gives it a truly memorable presence. Inside, you'll find a warm and inviting layout filled with natural light, highlighted by hardwood floors, a wood-burning fireplace, and unique architectural details that add personality throughout. The kitchen is both functional and full of charm, featuring gas cooking, ample storage, and timeless finishes that feel true to the home's style. Outdoor living is just as appealing, with a screened-in porch and private deck that create a peaceful setting surrounded by mature landscaping. What really sets this property apart is the accessory dwelling unit, offering two separate apartments with alley access--ideal for generating income or providing flexible living options while maintaining privacy. There are two long-standing tenants in these homes, and the property is currently generating $1,825 per month in rental income, creating an attractive opportunity for investors or owner-occupants looking to offset expenses. The location is hard to beat, with downtown Wilmington just minutes away, local beaches within easy reach, and convenient access to the Cross-City Trail and River to Sea Bikeway for outdoor enjoyment. A home with this much character, flexibility, and location doesn't come along often.