400 Beasley Road, Wilmington, NC 28409 – MLS# 100513158
Courtesy of Jarrod Covington, Cadence Realty Corporation
Description
Turnkey 9-unit residential portfolio offered with roughly two additional contiguous acres of adjacent land in a prime infill location – total acreage of site is 4.36 ac. Fully leased and well-maintained, this stabilized income-producing asset presents both immediate cash flow and long-term upside. The property features a mix of unit types, some with garages, and sits within a strong rental submarket. The additional acreage offers excellent development potential for expansion, subdivision, or future redevelopment. A rare opportunity to acquire both rental income and infill land in a single package.Seller’s are listing brokers and licensed NC Real Estate Brokers.
HOA Amenities
Property Details and Features
Property Access
- Road Type/Frontage: Public (City/Cty/St)
Bathrooms
- 2 total bathrooms
- 2 full bathrooms
Bedrooms
- 3 bedrooms
Building
- Heated SqFt Range: 1200 – 1399
- 1,302 heated sqft
- Built in 2002
- 1 story
- 5 rooms
- Construction: Wood Frame
- Porch/Balcony/Deck: Porch
- Stories/Levels: Two
Cooling
- Central Air
Dining Room
- Dining Room Type: Combination
Exterior Features
- Exterior Finish: Brick,Vinyl Siding
Fence
- Partial
Fireplaces
- None
Foundation
- Crawl Space
- Slab
Garage
- 2 attached garage spaces
- 4 detached garage spaces
- 6 garage spaces
Heating
- Forced Air
Interior Features
- None
Listing
- Listed on 2025-06-12
- Construction Type: Stick Built
- List Price/SqFt: $2,151
- Terms: Cash,Conventional
Location
- County: New Hanover
- Zip Code: 28409
- Latitude: 34.191033
- Longitude: -77.873355
- Subdivision: Not In Subdivision
- City Limits: Yes
Lot
- 189,922 sqft lot
- Lot Dimensions: irregular
- 4.36 acres
Parking
- Additional Parking
- Concrete
Possession
- At Closing
Property
- Zoning: R-15
Roof
- Shingle
Schools
- School District: New Hanover
Taxes
- Tax Assessed Value: $437,200
- City Tax Rate: 6340
- Tax Year: 2025
Utilities
- Sewer Connected
- Water Connected