1101 Emory ST Active Save Request In-Person Tour Request Virtual Tour
Wilmington,NC 28405
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Creekwood
MLS Listing ID 100518138
Style Wood Frame
HOA Y/N No
Year Built 1971
Property Sub-Type Single Family Residence
Source Hive MLS
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.
Location
State NC
County New Hanover
Community Creekwood
Zoning MF-M
Direction 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
Location Details Mainland
Rooms
Primary Bedroom Level Primary Living Area
Interior
Interior Features None
Heating Electric,Heat Pump
Cooling Central Air
Fireplaces Type None
Fireplace No
Exterior
Parking Features See Remarks
Pool See Remarks
Utilities Available Sewer Available,Water Available
Roof Type Shingle
Porch See Remarks
Building
Story 1
Entry Level One
Foundation Combination,Slab
New Construction No
Schools
Elementary Schools Freeman
Middle Schools Holly Shelter
High Schools New Hanover
Others
Tax ID R04812-001-005-000
Acceptable Financing Commercial,Cash,Conventional
Listing Terms Commercial,Cash,Conventional