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1101 Emory Street, Wilmington, NC 28405
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$2,750,000
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Home Details for 1101 Emory Street
Price
$2,750,000
Type
Commercial/Industrial
Year Build
1971
Lot Size
0.25
County
New Hanover
Tax
$1,281.51
MLS®️ Listing#
100517139
On exitrealty.com
138 days
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.
- Heating Information
- Electric
Listing Courtesy: East Atlantic Realty LLC - 704-962-2077
The data relating to real estate on this website comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor EXIT Realty shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright ©2025 North Carolina Regional MLS LLC. All Rights Reserved.
Last Updated: 2025-07-02 17:46:53
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$2,750,000
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EXIT REALTY PREFERRED
8144 Fayetteville Rd., Raeford, NC 28376