Property

Wilmington, NC 28403 4211-4213 Spirea Drive # A-D, A-D

$2,900,000

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Presented By: Keller Williams Innovate-Wilmington
  • Cape Fear REALTORS
  • MLS# 100478208
  • 12/01/2024
  • Request Tour
  • Request Info
  • SQFT • 10,908

Home Details

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!
Presented By: Keller Williams Innovate-Wilmington

Interior Features for 4211-4213 Spirea Drive # A-D, A-D

Other Interior Features

FlooringLVT/LVP
List Price/SqFt265.86

General for 4211-4213 Spirea Drive # A-D, A-D

CityWilmington
City LimitsYes
Cobra ZoneNo
ConstructionWood Frame
CoolingCentral, Heat Pump
CountyNew Hanover
Days on Market2
Est. Complete Date2024-12-01
Geo Lat34.209409
Geo Lon-77.89168
HOA and Neigh AmenitiesMaint - Comm Areas, Trash, Master Insure, Maint - Grounds
HeatingHeat Pump
Listing Member NameJeremiah Barnett
LocationResidential
Location TypeMainland
Lot Sqft33977.00
New ConstructionYes
PossessionAt Closing
Property TypeG
RoofShingle
Sale/LeaseSale
Sale/Lease IncludesBuildings, Land, Fixtures
Secondary SubdivisionN/A
Special Assessmentsnone
StatusActive
Stipulation of SaleNone
Street NameSpirea
SubdivisionOther
Tax Assessed Value141500.00
Tax Year2024
Terms1031 Exchange, Conventional, Cash
Unit #A-D, A-D
Water HeaterElectric
Year Built2024
ZoningR-5 (CD)

Exterior for 4211-4213 Spirea Drive # A-D, A-D

FoundationSlab
Fuel TankNone
Lot Acres0.78
Lot DimensionsTBD
MLS Identifier20150918160742258811000000
Road Type/FrontageMaintained, Public (City/Cty/St)

Additional Details

Price History

Brian Inskip

North Carolina Coastal Real Estate Expert
Price $2,900,000
MLS#100478208
List Date 12/01/2024
Property Type Commercial
Phone 910.622.4576
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Request Info
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