11-Home Portfolio | $270K+ Annual Income FOR SALE


Wilmington, NC - Creekwood
$2,750,000 USD
704-962-2077
, Wilmington, NC for Sale
$2,750,000 USD
FOR SALE
1/20
null | 9.82% Cap Rate

11-Home Portfolio | $270K+ Annual Income
Wilmington, NC
Creekwood


HIGHLIGHTS

  • FULLY OCCUPIED SECTION 8 RENTALS
  • LOW MAINTENANCE
  • $200K IN CAPITAL IMPROVEMENTS

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Adam HashemEast Atlantic RealtyMore Info
704-962-2077

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam HashemEast Atlantic RealtyMore Info
704-962-2077

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.