24 Beds
18 Baths
0.84 Acres Lot
24 Beds
18 Baths
0.84 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision College Park
MLS Listing ID 100583829
Bedrooms 24
HOA Y/N No
Year Built 2022
Tax Year 2025
Lot Size 0.840 Acres
Acres 0.84
Property Sub-Type Duplex
Property Description
Current gross income is approximately $169,200 annually with upside potential through future lease renewals and rent adjustments. Tenants pay utilities. Properties feature modern floor plans designed for shared occupancy and have benefited from numerous capital improvements and updates.
Sale includes an additional parcel offering potential future development opportunities, subject to buyer due diligence and municipal approvals.
Excellent opportunity for investors seeking immediate cash flow, strong occupancy history, and long-term appreciation potential in a highly desirable Wilmington location.
Portfolio sale includes 271 S Kerr Ave, 4507 Greenway Ave, and 4515 Greenway Ave. Rent rolls, income statements, surveys, floor plans, and additional due diligence materials available upon request.
Seller is a North Carolina Licensed Realtor.
Location
State NC
County New Hanover
Zoning R-5
Rooms
Basement None
Interior
Interior Features Ceiling Fan(s)
Heating Electric, Heat Pump
Cooling Central Air
Flooring LVT/LVP
Furnishings Unfurnished
Fireplace No
Laundry Dryer Hookup, Washer Hookup
Exterior
Parking Features Asphalt, On Site
Fence Other
Utilities Available Sewer Available, Water Available
Amenities Available See Remarks
Water Access Desc Public
View See Remarks
Roof Type Shingle
Accessibility Accessible Entrance
Porch Porch
Building
Dwelling Type Wood Frame
Story 2
Entry Level Two
Foundation Slab
Water Public
Level or Stories Two
New Construction No
Schools
Elementary Schools College Park
Middle Schools Williston
High Schools New Hanover
Others
Tax ID R04919-008-002-000
Special Listing Condition Standard
Nearby Locations
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