Village Rd @ Dresser Lane - Apartments FOR SALE


Leland, NC 28451
$5,250,000 USD
910-297-5322
Village Rd @ Dresser Lane, Leland, NC for Sale
$5,250,000 USD
Apartments - FOR SALE
1/51
null | 6.36% Cap Rate

Village Rd @ Dresser Lane
Leland, NC 28451


HIGHLIGHTS

  • Fully leased well-located 20-townhome complex
  • Stable in-place income

OVERVIEW

20 unit townhome complex Woodburn Townhomes Rare opportunity to acquire a fully leased well-located 20-townhome complex investment property in the rapidly growing Leland submarket, just minutes from Wilmington. This asset offers stable in-place income with significant upside potential in one of the fastest-growing coastal regions in the Southeast. The property consists of twenty 3 bedroom, 2 full bath individually parceled residential units with strong occupancy history and consistent rental demand driven by population growth, employment expansion, and continued migration to the coastal Carolina region. Leland has experienced substantial residential and commercial growth in recent years due to its proximity to Wilmington, access to major transportation corridors including US-17 and I-140, and its appeal as a more affordable alternative to nearby coastal markets. Brunswick County continues to see above-average population growth, supporting strong fundamentals for multifamily housing. The offering presents an attractive opportunity for private investors, owner-operators, and 1031 exchange buyers. With replacement costs continuing to rise and limited new supply in the immediate submarket, existing multifamily assets such as this property remain highly desirable among investors seeking long-term holds in high-growth coastal markets.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$181 USD /SF

# OF UNITS

20

PRICE/UNIT

$262,500

CAP RATE

6.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20-Unit Townhome Village, Leland NC

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

LE-C-1

APN/PARCEL ID

038AB005

ASK ABOUT THIS PROPERTY

Daniel BoyleTown & Country Real EstateMore Info
910-297-5322

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Daniel BoyleTown & Country Real EstateMore Info
910-297-5322

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