Active 4211-4213 Spirea Drive, Wilmington, NC 28403 (Unit -A-D, A-D)
$3,000,000 Sq/Ft: 0
Location
This newly constructed multi-family property offers a fantastic investment opportunity with eight luxury townhomes in a prime location. Situated near the hospital, Oleander Drive, UNC Wilmington, and Wrightsville Beach, the property provides tenants with both convenience and accessibility. The development includes two buildings: one with four 3-bedroom, 2.5-bathroom units, each featuring a one-car garage, and another with four 2-bedroom, 2.5-bathroom units. Each townhome is equipped with modern kitchens and stainless steel appliances, appealing to renters seeking quality living spaces. With projected rents of $2,200 per month for the 3-bedroom units and $2,000 per month for the 2-bedroom units, this property offers a strong return on investment with an estimated cap rate of nearly 7%. Conveniently located close to the area's key amenities, this property is an excellent choice for investors looking to add a high-performing asset to their portfolio. Contact us today for more details!
More Information
City Limits: Yes
Lot Acres: 0.780
Days On Market: 168
New Construction: Yes
Construction: Wood Frame
Foundation: Slab
Water Heater: Electric
Heating: Heat Pump,Electric
Cooling: Central Air
Flooring : LVT/LVP
Fuel Tank : None
Subdivision : Other
Lot Dimensions : TBD
Garage Parking
Garage Parking Total : 0.00