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
1101 Emory Street, Wilmington, NC 28405- MLS# 100518138
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