NC > Wilmington > Creekwood
Wilmington, NC 28405,1101 Emory ST
Wilmington, NC 28405,1101 Emory ST
Wilmington, NC 28405,1101 Emory ST
Wilmington, NC 28405,1101 Emory ST
Wilmington, NC 28405,1101 Emory ST
Wilmington, NC 28405,1101 Emory ST
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Jason Walters

Jason Walters

+1(252) 904-0357
$ 2,750,000
Est. payment | /mo
Save
$ 2,750,000
Est. payment | /mo
Save

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

HOA Y/N No

Year Built 1971

Property Sub-Type Single Family Residence

Source Hive MLS

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

Direction 23rd St to MLK Parkway to right on Kornegay thru traffic circle - road becomes Spaulding-right on E. Stewart Circle, left on Emory St., 3rd house on right

Location Details Mainland

Rooms

Primary Bedroom Level Primary Living Area

Interior

Interior Features None

Heating Electric, Heat Pump

Cooling Central Air

Fireplaces Type None

Fireplace No

Exterior

Parking Features See Remarks

Pool See Remarks

Utilities Available Sewer Available, Water Available

Roof Type Shingle

Porch See Remarks

Building

Story 1

Entry Level One

Foundation Combination, Slab

New Construction No

Schools

Elementary Schools Freeman

Middle Schools Holly Shelter

High Schools New Hanover

Others

Tax ID R04812-001-005-000

Acceptable Financing Commercial, Cash, Conventional

Listing Terms Commercial, Cash, Conventional

Hive MLS / (NCRMLS) / Cape Fear Realtors
Listed by East Atlantic Realty LLC
advisor-avatar

+1(252) 904-0357

jason@waltersteam.com

526 E Nash Street, Hope, NC, 27882, United States

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