4946 Wrightsville Avenue,Wilmington, NC 28403
Wilmington, NC 28403
Description
A stabilized, income-producing portfolio rarely comes to market in Wilmington's most reliable rental submarket, and when it does, it looks like this. Six single-family homes (each on its own separate parcel) positioned on Wrightsville Avenue and Park Avenue in the 28403 zip code, approximately two minutes from UNCW. All six homes are 4 bedrooms, 3 bathrooms with open-concept living designed for shared occupancy. Every home is fully leased through July of 2026 with five out of the six leases at $3,800 per month and one at $3,600 per month producing $271,200 in gross annual rental income. Then, there are six new leases in place through July of 2027, all at $3,800 per month producing $273,600 in annual gross income. There is no lease-up period, no vacancy risk on the near horizon, and no learning curve. The portfolio is under professional management with online tenant portals and structured lease agreements already in place. Since ownership, gross rents have increased by approximately 12% and multiple capital improvements have been completed across the portfolio (including newer HVAC systems, water heaters, and appliance updates in several units). A full property-by-property improvement summary is available upon request. The location drives consistent tenant demand: approximately 2 minutes to UNCW, 5 minutes to Wrightsville Beach, 10 minutes to Wilmington International Airport, and 15 minutes to downtown Wilmington. This submarket has historically maintained high occupancy and strong lease renewal activity. For a qualified investor seeking immediate income, an experienced buyer completing a 1031 exchange, or an owner-operator looking to acquire a functioning management system alongside the assets themselves, this portfolio represents a rare opportunity to step into a stabilized position in one of coastal North Carolina's most durable rental corridors.
Details
| MLS # | 100560554 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1998 |
| Days On Site | 177 |
| Listing Provided By | Carolina One Properties Inc. | Gillespie Group |
Features
| SQ Feet | 1,733 |
|---|---|
| Zoning | R-15 |
| Acreage | 0.22 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air |
Exterior
| Roof | Shingle |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | See Remarks, Off Street, On Site, Paved |
Taxes
| Tax Assessed Value | 345400 |
|---|---|
| Tax Book Number | 0 |
| Tax Legal Description | LT 1 BLK A WINTER PARK HEIGHTS |
| Tax Year | 2025 |
Area Information
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28403 |
| Listing VS Median (in 28403) | |
Price: $3,495,000 low | high Med: $400,000 sqft: 1,733 low | high Med: 1,806 $ / sqft: $2,017 low | high Med: $224 On site: 177 low | high Med: 31 | |
Market Activity 28403
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Learn More About This Property
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28403 |
| Listing VS Median (in 28403) | |
Price: $3,495,000 low | high Med: $400,000 sqft: 1,733 low | high Med: 1,806 $ / sqft: $2,017 low | high Med: $224 On site: 177 low | high Med: 31 | |
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