$2,900,000
( $265.86Per Sq Foot )
 $15,128 est/mo Sourced by Back At You

4211-4213 Spirea Drive A-d, A-d , Wilmington, NC 28403

Wilmington, NC 28403

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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 TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year2024
Days On Site43
Listing Provided ByKeller Williams Innovate-Wilmington | Jeremiah Barnett

Features

SQ Feet10,908
ZoningR-5 (CD)
Acreage0.78

Market Activity 28403

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Listings Checked: 4 minutes ago
StateNC
CountyNew Hanover
CityWilmington
Zip Code28403
AreaNew Hanover
Community NameOther
Listing VS Median (in Other)
Price:
$2,900,000
low | high
Med:
$309,900
100% of Average
SqFt:
10,908
low | high
Med:
2,082
100% of Average
$ / SqFt:
$266
low | high
Med:
$152
92.855539879625% of Average
On Site:
43
low | high
Med:
204.000000
21.078431372549% of Average
Sourced by Back At You
Listing Updated: December 2, 2024 at 1:35:35 PM PST