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11-Home Portfolio | $270K+ Annual Income 11 Properties Offered at $2,750,000 in Wilmington, NC

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INVESTMENT HIGHLIGHTS

  • FULLY OCCUPIED SECTION 8 RENTALS
  • $200K IN CAPITAL IMPROVEMENTS
  • LOW MAINTENANCE

EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Price $2,750,000
Price / SF $237.97 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
  • REO Sale
Cap Rate 9.82%
Sale Type Investment
Status Active
Number of Properties 11
Individually For Sale 0
Total Building Size 11,556 SF
Total Land Area 1.83 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
1101 Emory St, Wilmington, NC 28405 Multifamily 1,345 SF 1971 -
221 N 31st St, Wilmington, NC 28405 Multifamily 1,160 SF 1971 -
419 Clay St, Wilmington, NC 28405 Multifamily 1,000 SF 1999 -
416 Evans St, Wilmington, NC 28405 Multifamily 960 SF 1998 -
1102 Emory St, Wilmington, NC 28405 Specialty 1,400 SF 1971 -
545 Manly Ave, Wilmington, NC 28405 Specialty 1,194 SF 1930 -
1103 Emory St, Wilmington, NC 28405 Specialty 1,053 SF 1971 -
2803 Spaulding Dr, Wilmington, NC 28405 Specialty 990 SF 1971 -
533 Manly Ave, Wilmington, NC 28405 Specialty 974 SF 1997 -
514 Maides Ave, Wilmington, NC 28405 Specialty 758 SF 1962 -
526 Manly Ave, Wilmington, NC 28405 Specialty 722 SF 1992 -
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  • Listing ID: 36663532

  • Date on Market: 7/9/2025

  • Last Updated:

  • Address: 11-Home Portfolio | $270K+ Annual Income, Wilmington, NC

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