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



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
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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East Atlantic Realty
11-Home Portfolio | $270K+ Annual Income
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