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.
For sale
$2,750,000
1101 Emory Street, Wilmington, NC 28405
0beds
0baths
--sqft
Est.:
Single Family Residence
Built in 1971
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 45 days
- on Zillow |
- 185 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: July 09, 2025 at 11:45am
Listed by:
Adam Hashem 704-962-2077,
East Atlantic Realty LLC
Source: Hive MLS,MLS#: 100518138

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Electric, Heat Pump
Cooling
- Central Air
Features
- None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 0
Property
Parking
- Parking features: See Remarks
Features
- Levels: One
- Stories: 1
- Patio & porch: See Remarks
- Pool features: See Remarks
- Fencing: None
Details
- Parcel number: R04812001005000
- Zoning: MF-M
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Wood Frame
- Foundation: Combination, Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1971
Community & HOA
Community
- Subdivision: Creekwood
HOA
- Has HOA: No
Location
- Region: Wilmington
Financial & listing details
- Tax assessed value: $146,900
- Annual tax amount: $1,278
- Date on market: 7/9/2025
- Listing terms: Commercial,Cash,Conventional
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