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

Property Map

$2,750,000 – 1101 Emory Street, Wilmington, NC 28405

Street View

$2,750,000
Bed
Bath
SqFt
Acre Lot
Sqft Lot
Status Active
Property Type Single Family Residence
Price Type
Year Built 1971
Neighborhood Creekwood
Days on Website 2

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

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