1. North Carolina
  2. Wilmington
  3. 1101 Emory Street
$2,750,000

1101 Emory Street, Wilmington, NC 28405

  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1971
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 12 days ago

Property Description

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.

Listing Status:
Active
Date Added:
July 9, 2025 at 05:00AM
Listing Office:
East Atlantic Realty LLC : 704-962-2077
MLS ID:
100518138
  • General: None
  • A/C:
  • Heating: Heat PumpElectric
  • Fireplace: None

This listing courtesy of East Atlantic Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rachel Freeman School of Engineering

2601 Princess Place Dr, Wilmington, NC, 28405

Grades KG-5

0.49 miles away

C

Career Readiness Academy at Mosley Plc

3702 Princess Place Dr, Wilmington, NC, 28405

Grades 6-12

0.65 miles away

N

New Hanover High School

1307 Market St, Wilmington, NC, 28401

Grades 9-12

1.66 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.