4211-4213 Spirea Drive A-d, A-d , Wilmington, NC 28403
Wilmington, NC 28403
Description
This newly constructed multi-family property offers a fantastic investment opportunity with eight luxury townhomes in a prime location. Situated near the hospital, Oleander Drive, UNC Wilmington, and Wrightsville Beach, the property provides tenants with both convenience and accessibility. The development includes two buildings: one with four 3-bedroom, 2.5-bathroom units, each featuring a one-car garage, and another with four 2-bedroom, 2.5-bathroom units. Each townhome is equipped with modern kitchens and stainless steel appliances, appealing to renters seeking quality living spaces. With projected rents of $2,200 per month for the 3-bedroom units and $2,000 per month for the 2-bedroom units, this property offers a strong return on investment with an estimated cap rate of nearly 7%. Conveniently located close to the area's key amenities, this property is an excellent choice for investors looking to add a high-performing asset to their portfolio. Contact us today for more details!
Details
| MLS# | 100478208 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2024 |
| Days On Site | 48 |
| Listing Provided By | Keller Williams Innovate-Wilmington | Jeremiah Barnett |
Features
| SQ Feet | 10,908 |
|---|---|
| Zoning | R-5 (CD) |
| Acreage | 0.78 |
Market Activity 28403
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28403 |
| Area | New Hanover |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,900,000 low | high Med: $309,990 SqFt: 10,908 low | high Med: 1,991 $ / SqFt: $266 low | high Med: $156 On Site: 48 low | high Med: 80 | |