232 Jordan Ln 55 Unit Apartment Building $16,500,000 ($300,000/Unit) 5.70% Cap Rate Wilmington, NC 28403

Rare opportunity to acquire a substantial residential investment portfolio located throughout Wilmington, NC, with several properties positioned near UNCW and established student-rental corridors. The offering includes a diversified mix of single-family homes, duplex/multifamily properties, and properties with ADU configurations. The portfolio provides established rental income with additional upside through future rent growth, renovation, redevelopment, and repositioning opportunities.
Multiple properties have historically benefited from strong student and workforce rental demand due to proximity to UNCW, major employment centers, and the hospital corridor. Several assets are concentrated in desirable infill locations, including the Wrightsville Avenue/Park Avenue area, where additional redevelopment potential may exist subject to zoning and governmental approvals.
Seller is open to considering offers on the portfolio as a whole or select groups of properties. Current rent roll and operating statements available to qualified buyers. Broker-owned property. Seller may consider qualified financing structures depending on purchase price, buyer qualifications, and overall transaction terms.