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



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 | Building Class | C |
| Price Per Unit | $312,250 | Building Size | 4,260 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 2022/2024 |
| Property Type | |||
| Zoning | R - Residential | ||
| Price | $1,249,000 |
| Price Per Unit | $312,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | |
| Building Class | C |
| Building Size | 4,260 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2022/2024 |
| Zoning | R - Residential |
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5049 Park Ave - Prime Location Wilmington Multifamily
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