1101 Emory Street, Wilmington, NC 28405 – MLS# 100518138
Courtesy of Adam Hashem, East Atlantic Realty LLC
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.
HOA Amenities
Property Details and Features
Property Access
- Road Type/Frontage: Public (City/Cty/St)
Building
- Heated SqFt Range: 0 – 200
- Built in 1971
- 1 story
- Construction: Wood Frame
- Porch/Balcony/Deck: See Remarks
- Stories/Levels: One
Cooling
- Central Air
Dining Room
- Dining Room Type: Combination,Kitchen
Exterior Features
- Exterior Finish: Brick Veneer
Fence
- None
Fireplaces
- None
Foundation
- Combination
- Slab
- Crawl Space
Heating
- Heat Pump
Interior Features
- None
Listing
- Listed on 2025-07-09
- Construction Type: Stick Built
- Terms: Cash,Conventional,Commercial
Location
- County: New Hanover
- Zip Code: 28405
- Latitude: 34.250488
- Longitude: -77.908135
- Subdivision: Creekwood
- City Limits: Yes
Lot
- Lot Dimensions: 0
Parking
- See Remarks
Pool
- See Remarks
Possession
- At Closing
Property
- Zoning: MF-M
Roof
- Shingle
Schools
- School District: New Hanover
Taxes
- City Tax Rate: 6387
- Tax Year: 2025
Utilities
- Sewer Available
- Water Available