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5049 Park Ave - Prime Location Wilmington Multifamily 4 Unit Apartment Building Offered at $1,249,000 Wilmington, NC 28403

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EXECUTIVE SUMMARY

2 superior concrete wall construction single family homes is a must see. Being sold is 5053 & 5049 Park Ave next door to each other on separate lots with a mirrored floor plan. The homes are on two different lots and can be sold separately in the future but current sellers prefers to sell as a package. The homes are Zoned r-5. Between both 5053 and 5049 Park you have 2 buildings, 10 Bedrooms, 2 offices rooms that have closets and bathrooms and can be used as 2 extra bedrooms, 12 bathrooms 4 laundry rooms, kitchens and wet bars and plenty of parking. Every bedroom/office has their own bathroom. Each home has has all Stainless steel appliances and the sale includes washer; dryer; fridge; stove; dishwasher; microwave times 4 between both properties. The properties were built by a well known local builder and made to perfection. Right next to the biking trail and just mins to the university and Wrightsville Beach. These make perfect college rentals, Airbnb's, primary or secondary properties etc etc. Currently both buildings are currently rented out. each building is 2130 Sqft. Reach out for more details on that. Properties are professionally managed.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $144,000 $33.80
Other Income - -
Vacancy Loss - -
Effective Gross Income $144,000 $33.80
Net Operating Income - -

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual $144,000
Annual Per SF $33.80
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $144,000
Annual Per SF $33.80
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price $1,249,000
Price Per Unit $312,250
Sale Type Investment
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
Building Class C
Building Size 4,260 SF
No. Stories 2
Year Built/Renovated 2022/2024
Zoning R - Residential
  • Listing ID: 37802309

  • Date on Market: 9/24/2025

  • Last Updated:

  • Address: 5049 Park Ave, Wilmington, NC 28403

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