Map
Link Copied
Listed price in listed location currency (USD).
$10,750,000

00150

MLS® 100546013

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes 
Days Active 0
Approx. Age 1919
MLS® Number 100546013

Property Address: 145 Lullwater Dr, Wilmington, NC, 28403-0696

Average square foot calculated using Size range provided by listing agent.

Description

Excellent investment opportunity in the downtown Wilmington area. This rental portfolio consists of 54 income-producing units located in close proximity to downtown. Property mix includes 24 apartment-style condo units in two buildings, along with quadplexes, triplexes, duplexes, and single-family homes, offering diversification and stable cash flow. Current annual rental income is approximately $800, 000, with documented upside potential to $1, 056, 000 annually through rent increases and continued stabilization. Seller has completed approximately $600, 000 in recent capital improvements throughout the portfolio, providing reduced deferred maintenance and improved operational efficiency. Ideal opportunity for investors seeking to enter the Wilmington rental market or expand an existing portfolio with scale, location, and value-add potential. Financials available upon request.
MLS® Number100546013
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1919
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Dec 19, 2025List Date
$10,750,000List Price
  • Commute

Commute

Starting Address
Destination Address
145 Lullwater Dr, Wilmington, NC

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Comparable Properties