232 Jordan Ln - Apartments FOR SALE


Wilmington, NC 28403
$14,950,000 USD
910-352-6110
232 Jordan Ln, Wilmington, NC for Sale
$14,950,000 USD
Apartments - FOR SALE
1/5
null | 6.29% Cap Rate

232 Jordan Ln
Wilmington, NC 28403


OVERVIEW

Rare opportunity to acquire a substantial residential investment portfolio located throughout Wilmington, NC. Offered at $14,950,000, the portfolio includes a diversified mix of single-family homes, duplex/multifamily properties, and properties with ADU configurations, with multiple assets positioned near UNCW, established student-rental corridors, major employment centers, and the hospital corridor. The portfolio provides established rental income with additional upside through future rent growth, renovation, redevelopment, and repositioning opportunities. Several properties are concentrated in desirable infill locations, including the Wrightsville Avenue/Park Avenue area, where additional redevelopment potential may exist subject to zoning and governmental approvals. Multiple properties have historically benefited from strong student and workforce rental demand, while the broader portfolio offers diversification across several Wilmington submarkets and housing types. Asking Price: $14,950,000. Based on current normalized operating income, the offering reflects an approximate 6.3% cap rate. Seller will consider offers for the portfolio as a whole or select groups of properties. Current rent roll and operating statements are available to qualified buyers. Broker-owned property. Seller may consider qualified financing structures depending on purchase price, buyer qualifications, and overall transaction terms.

FOR SALE DETAILS

PRICE

$14,950,000 USD

PRICE/SF

$453 USD /SF

# OF UNITS

55

PRICE/UNIT

$271,818

CAP RATE

6.29%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

R-10,RESID

APN/PARCEL ID

R05520-008-096-000

ASK ABOUT THIS PROPERTY

Mark ReiserCoastal PropertiesMore Info
910-352-6110

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Mark ReiserCoastal PropertiesMore Info
910-352-6110

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