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Listed price in listed location currency (USD).
$3,550,000

0034

MLS® 100569678

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 5
Lot Size 
Approx. Age 1997
MLS® Number 100569678

Property Address: 1-24-145 Lullwater Dr, Wilmington, NC, 28403-0696

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

Description

Twenty-four (24) unit multi-family investment property ideally located near UNCW, shopping, local businesses, downtown, and area beaches. This income-producing asset features a well-balanced unit mix of sixteen (16) one-bedroom/1.5-bath units and eight (8) two-bedroom/2-bath units. The property currently generates approximately $309, 000 in annual rental income, with the potential to reach up to $425, 664 through voucher-based programs. Each unit is individually metered with separate utilities and is structured as a condominium, offering added flexibility and efficiency in management. An existing assumable Freddie Mac loan (subject to buyer approval) provides a highly attractive, below-market interest rate--enhancing the overall investment value. This is a strong opportunity for investors seeking stable cash flow with upside potential in a highly desirable and convenient location.
MLS® Number100569678
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1997
BasementNone
DrivewayParking Lot, Off Street, Paved
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 26, 2026List Date
$3,550,000List Price
  • Commute

Commute

Starting Address
Destination Address
145 Lullwater Dr, Wilmington, NC

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