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

$2,750,000 - 0Br/0Ba - for Sale in Creekwood, Wilmington
Price: $2,750,000
Beds: 0
Baths: 0
Living Area SqFt: 0
Status: Active
Property Type: Single Family Residence
Year Built: 1971
Neighborhood: Creekwood
Days on Website: 2

Courtesy of Adam Hashem, East Atlantic Realty LLC

Property 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.

Open House

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

Property Map

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

Street View

Nearby Schools

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