Property photos
Just added
£8,035,582
US$10,750,000
Property for sale
Lullwater Drive, North Carolina, United States Of AmericaLocal area information
Property location
This location is approximate only. Contact the agent for the exact address.
Nearby amenities
Features and description
- 41315 SqFt.
- 46.29 Acres
- Built in 1919
- Adult Community: No
- Waterfront: No
- Pool: No
- View: No
Excellent investment opportunity in the downtown Wilmington area. This rental portfolio consists of 54 income-producing units located in close proximity to downtown. Property mix includes 24 apartment-style condo units in two buildings, along with quadplexes, triplexes, duplexes, and single-family homes, offering diversification and stable cash flow.Current annual rental income is approximately $800,000, with documented upside potential to $1,056,000 annually through rent increases and continued stabilization. Seller has completed approximately $600,000 in recent capital improvements throughout the portfolio, providing reduced deferred maintenance and improved operational efficiency.Ideal opportunity for investors seeking to enter the Wilmington rental market or expand an existing portfolio with scale, location, and value-add potential. Financials available upon request.
Reference: 36999_HFJ1330984
Key Features
41315 SqFt.
46.29 Acres
Built in 1919
Adult Community: No
Waterfront: No
Pool: No
View: No Ref: 36999-HFJ1330984
Reference: 36999_HFJ1330984
Key Features
41315 SqFt.
46.29 Acres
Built in 1919
Adult Community: No
Waterfront: No
Pool: No
View: No Ref: 36999-HFJ1330984
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
Mayfair International Realty
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Property descriptions and related information displayed on this page are marketing materials provided by - Mayfair International Realty. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Mayfair International Realty for full details and further information.