1101 Emory ST new Save Request In-Person Tour Request Virtual Tour
Wilmington,NC 28405
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Creekwood
MLS Listing ID 100518138
Style Wood Frame
Year Built 1971
Property Sub-Type Single Family Residence
Property 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.
Location
State NC
County New Hanover
Community Creekwood
Zoning MF-M
Interior
Heating Electric,Heat Pump
Cooling Central Air
Fireplaces Type None
Exterior
Parking Features See Remarks
Pool See Remarks
Utilities Available Sewer Available,Water Available
Roof Type Shingle
Building
Story 1
Foundation Combination,Slab
New Construction No
Schools
Elementary Schools Freeman
Middle Schools Holly Shelter
High Schools New Hanover
Others
Acceptable Financing Commercial,Cash,Conventional
Listing Terms Commercial,Cash,Conventional