4211-4213 Spirea DR #A-D, A-D Active Save Request In-Person Tour Request Virtual Tour
Wilmington,NC 28403
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,908 sqft
Price per Sqft $265
MLS Listing ID 100478208
Style Wood Frame
HOA Y/N Yes
Originating Board Hive MLS
Year Built 2024
Lot Size 0.780 Acres
Acres 0.78
Lot Dimensions TBD
Property Description
This newly constructed multi-family property offers a fantastic investment opportunity with eight luxury townhomes in a prime location. Situated near the hospital, Oleander Drive, UNC Wilmington, and Wrightsville Beach, the property provides tenants with both convenience and accessibility.
The development includes two buildings: one with four 3-bedroom, 2.5-bathroom units, each featuring a one-car garage, and another with four 2-bedroom, 2.5-bathroom units. Each townhome is equipped with modern kitchens and stainless steel appliances, appealing to renters seeking quality living spaces.
With projected rents of $2,200 per month for the 3-bedroom units and $2,000 per month for the 2-bedroom units, this property offers a strong return on investment with an estimated cap rate of nearly 7%.
Conveniently located close to the area's key amenities, this property is an excellent choice for investors looking to add a high-performing asset to their portfolio. Contact us today for more details!
Location
State NC
County New Hanover
Community Other
Zoning R-5 (CD)
Direction S College Rd. Turn right onto Spirea Dr. Property on right
Interior
Heating Heat Pump,Electric
Cooling Central Air
Flooring LVT/LVP
Exterior
Roof Type Shingle
Building
Foundation Slab
New Construction Yes
Others
Tax ID R06106-003-014-000
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition None