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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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993 Downey Branch Ln , Wilmington, NC 28403
$279,500
Est. Payment: $621.11/mo
3 Bed
3 Bath
1274 Sqft
Status: Active | Days on site: 133
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House Description

Income-producing investment opportunity -- freshly renovated 3-bedroom, 3-full-bath townhouse in the heart of midtown Wilmington, now leased through September 2027. With a private en suite bath for every bedroom, a genuine rarity at this price, this two-story, 1,274-square-foot home lives like a true residence, not a flat apartment box. Tucked minutes from UNCW, a short drive to Wrightsville Beach, and within easy reach of historic downtown Wilmington, and located in one of the area's most sought-after school districts. Just refreshed throughout: new paint, all-new hardware, new kitchen appliances and countertops, and updated LVP flooring. That en suite-for-every-bedroom layout delivers rare flexibility and strong rental appeal, and with a long-term tenant already in place, this one cash-flows from day one -- no lease-up risk, no vacancy gap. Ideal for an investor looking for turnkey income, or a buyer planning ahead for a future move-in once the lease ends. Enjoy assigned parking directly in front of the unit, plus an HOA that handles all exterior maintenance, including the roof, for genuinely low-maintenance ownership. The HVAC is approximately six years old. A rare combination of location, layout, and immediate income. Schedule your showing today.

Highlights

Listed by Christian A Cardamone , 910-262-3399 Aloha Wilmington Real Estate , 910-262-3399.

Property Type

Condo/Townhome

Lot/Acreage
0.02

HOA Fee

3000 Annually

Year Built

2005

County

New Hanover

Neighborhood

Wilshire Townhouses

School District

New Hanover

Listing ID

100584660

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3
  • Full Bathrooms:3
Air Cond:Central Air,Heat Pump
Fireplaces:
Floor:LVT/LVP,Tile
Water:Public

Exterior Features

Lot:Fencing: None
Lot Dimensions:irreq
Garage Capacity:0
Zoning:MD-17
Roof:Shingle
Parking Features:Off Street,On Site,Paved
Principal Interest
$621
Taxes
$178
HOA
$3,000

Home Price

$279,500

Loan Details

30 yrs
%

Down Payment

20%
$55,900
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:
$621.11

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $621.11 $178.18 $3,000.00 $3,799.29
Yearly $7,453.33 $2,138.17 $36,000.00 $45,591.51
Total $223,600.00 $64,145.25 $1,080,000.00 $1,367,745.25

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.