1421-1425 Wellington Dr - Apartments FOR SALE


Wilmington, NC 28401- Cape Fear Country Club
$1,065,000 USD
910-512-2205
1421-1425 Wellington Dr, Wilmington, NC for Sale
$1,065,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1421-1425 Wellington Dr
Wilmington, NC 28401
Cape Fear Country Club


OVERVIEW

Turnkey 4-unit investment opportunity featuring two duplexes on adjacent lots (sold together). Rare “quad” setup ideal for investors seeking immediate cash flow and portfolio expansion. Unit mix includes: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA. Property offers off-street parking and garage. Located on a corner lot with O&I zoning, providing flexibility for continued residential use or potential conversion to other permitted uses (buyer to verify). Currently fully income-producing. Conveniently situated near hospital, shopping, businesses, and beaches—strong rental demand area. Great opportunity for investors looking for stable income with upside potential.

FOR SALE DETAILS

PRICE

$1,065,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

4

PRICE/UNIT

$266,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

29,843 SF

ZONING

O&I

APN/PARCEL ID

R06015-001-001-000,R06015-001-001-001

ASK ABOUT THIS PROPERTY

Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

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Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

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