4946 Wrightsville AVE Wilmington, NC 28403
4 Beds
3 Baths
1,733 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,733 sqft
Price per Sqft $2,016
Subdivision Not In Subdivision
MLS Listing ID 100560546
Style Wood Frame
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1998
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions Irregular
Property Sub-Type Single Family Residence
Source Hive MLS
Property Description
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 are 4 bedrooms, 3 bathrooms with open-concept living designed for shared occupancy. All six are homes are 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.
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning R-15
Direction College Rd South to Wrightsville Ave. Left on Wrightsville. Homes will be on the right.
Interior
Interior Features See Remarks61
Heating Electric, Heat Pump
Cooling Central Air
Exterior
Parking Features Shared Driveway, Off Street, On Site
Utilities Available Sewer Connected, Water Connected
View See Remarks
Roof Type Shingle
Porch Patio
Building
Entry Level Two
Foundation Slab
New Construction No
Schools
Elementary Schools Winter Park
Middle Schools Roland Grise
High Schools Hoggard
Others
Tax ID R05520-011-014-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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