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Pope-RealEstate.com

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, Wilmington, NC 28409 (MLS# 100512238)


$2,800,000
Wilmington, NC 28409
MLS# 100512238
1302 sqft


Wilmington, NC 28409
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Wilmington, NC 28409 Wilmington, NC 28409 Wilmington, NC 28409 Wilmington, NC 28409 Wilmington, NC 28409 Wilmington, NC 28409 Wilmington, NC 28409 Wilmington, NC 28409 Wilmington, NC 28409 Wilmington, NC 28409 Wilmington, NC 28409 Wilmington, NC 28409

Property Description
Turnkey 9-unit residential portfolio offered with roughly two additional contiguous acres of adjacent land in a prime infill location - total acreage of site is 4.36 ac. Fully leased and well-maintained, this stabilized income-producing asset presents both immediate cash flow and long-term upside. The property features a mix of unit types, some with garages, and sits within a strong rental submarket. The additional acreage offers excellent development potential for expansion, subdivision, or future redevelopment. A rare opportunity to acquire both rental income and infill land in a single package. Seller's are listing brokers and licensed NC Real Estate Brokers.

Details
Contract Info
Available Date: 2025-05-29
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2025-06-06
Garage: N/A
Listing Price: 2800000
Current Price: $2,800,000
List Price/SqFt: 2150.54
Stipulation of Sale: Standard
Location Information
County: New Hanover
State/Province: NC
Zip Code: 28409
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Remarks and Showing
Directions to Property: Pine Grove to Beasley Rd. on right
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 1302
Legal and Taxes
Tax Assessed Value: 437200
Deed Book: 6340
Deed Page: 961
Legal: LT 1, 2, 3, 4 CHARITY MCLAURIN LANDS. LOT 9 Castlewood. LOT 10 & TR A CASTLEWOOD
Broker Owner: Yes
PID: R06120-007-018-000
Tax Identifier: R06120-007-018-000
Special Assessments: None
Tax Year: 2025
Year Built: 2002
Zoning: R-15
Cobra Zone: No
Financial Info
Gross Income: 168000
Property Features
Business Type: Other
Current Use: Residential; Vacant
Heating System Fuel Source: See Remarks
Terms: 1031 Exchange; Cash; Conventional
Lease Types: See Remarks

Listing Office: Cadence Realty Corporation

Last Updated: March - 02 - 2026

Wilmington, NC 28409 - MLS# 100512238

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