1101 Emory Street, Wilmington, NC 28405 (MLS# 100518138)
1101 Emory Street, Wilmington, NC 28405
New Listing
$2,750,000
Property Type:
Residential
Status:
Active
Current Price:
$2,750,000
List Date:
7/09/2025
Last Modified:
7/09/2025
Description
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.
More Information MLS# 100518138
Contract Info
Sub-Type: Single Family Residence
Construction Type: Stick Built
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2025-07-09
Listing Price: 2750000
Current Price: $2,750,000
Stipulation of Sale: Standard
Location Information
Street #: 1101
Street Name: Emory
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28405
City Limits: Yes
Marketing City: Wilmington
Subdivision: Creekwood
Secondary Subdivision: N/A
Geo Lat: 34.250488
Geo Lon: -77.908135
Remarks and Showing
Directions to Property: 23rd St to MLK Parkway to right on Kornegay thru traffic circle - road becomes Spaulding-right on E. Stewart Circle, left on Emory St., 3rd house on right
Sign on Property: No
Property Exterior Info
New Construction: No
Waterfront: No
Location Type: Mainland
Property Interior Info
Master Bedroom Level: Primary Living Area
Stories: 1
Legal Taxes
Year Built: 1971
Property Features
Construction: Wood Frame
Exterior Finish: Brick Veneer
Fencing: None
Foundation: Combination; Crawl Space; Slab
Parking Features: See Remarks
Patio and Porch Features: See Remarks
Roof: Shingle
Cooling: Central Air
Heating: Heat Pump
Heating System Fuel Source: Electric
Utilities: Sewer Available; Water Available
Fireplace: None
Interior Features: None
Heated SqFt: 0 - 200
Dining Room Type: Combination; Kitchen
Terms: Cash; Conventional; Commercial
Listing Office: East Atlantic Realty LLC
Last Updated: July - 09 - 2025
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