Multi-Family Investment opportunity available in Wilmington, North Carolina

Sixty-eight unit multi-site/multi-family property portfolio investment package located in Wilmington, North Carolina. The portfolio consist of two apartment/condos buildings with 24 units. There are five, university style, condos with a total of 10 rental units. There are two-Quadplex, six -Duplex, four Two-Single Family home sites rentals and five Single Family rentals. Portfolio is currently operating at 98% to 100% occupancy. All properties are located within the Wilmington City limit and have convenient access to public transportation, medical services, shopping and entertainment services. The portfolio has room to improve rent roll and increase income/return. The portfolio is estimated to generate over $700,000 of income. Expenses area will controlled and the seller has done some substantial capital improvements. There is great opportunity with the established investment rental income and the area demand and rental rate improvements. The Properties are in close proximity of one another enabling cost effective property management. The properties are located convenient to shopping, schools, health care providers and most have access to public transportation. 

Contact Jeff Hovis of Intracoastal Realty for current rent rolls, financials and detailed property information. Jeff can be reached at 910-512-2205 or email him at jhovis@intracoastalrealty.com.