101 Dresser Lane, Leland, NC 28451
$5,250,000
Property Type:
Comm Sale or Lease
Square Footage:
29,222
Lot Size (sq. ft.):
85,378
Status:
Active
Current Price:
$5,250,000
List Date:
3/26/2026
Last Modified:
3/31/2026
Overview
Description
Rare opportunity to acquire a fully leased well-located 20-townhome complex investment property in the rapidly growing Leland submarket, just minutes from Wilmington. This asset offers stable in-place income with significant upside potential in one of the fastest-growing coastal regions in the Southeast.
The property consists of twenty 3 bedroom, 2 full bath individually parceled residential units with strong occupancy history and consistent rental demand driven by population growth, employment expansion, and continued migration to the coastal Carolina region. Leland has experienced substantial residential and commercial growth in recent years due to its proximity to Wilmington, access to major transportation corridors including US-17 and I-140, and its appeal as a more affordable alternative to nearby coastal markets. Brunswick County continues to see above-average population growth, supporting strong fundamentals for multifamily housing.
The offering presents an attractive opportunity for private investors, owner-operators, and 1031 exchange buyers.
With replacement costs continuing to rise and limited new supply in the immediate submarket, existing multifamily assets such as this property remain highly desirable among investors seeking long-term holds in high-growth coastal markets.
Listing Details MLS# 100562810
Contract Info
- Available Date
- 2026-03-26
- Delayed Marketing?
- No
- Marketing Start Date
- 2026-03-26
- Sub-Type
- Multi Family
- Garage
- N/A
- Sale/Lease
- Sale
- Listing Price
- 5250000
- List Price/SqFt
- 179.66
- Stipulation of Sale
- Standard
Location Information
- Street #
- 101
- Street Name
- Dresser
- Street Suffix
- Lane
- County
- Brunswick
- State/Province
- NC
- Zip Code
- 28451
- City Limits
- Yes
- Marketing City
- Leland
- Subdivision
- Woodburn Townhomes
Remarks and Showing
- Directions to Property
- From Wilmington, take Hwy 17 to US 76, exit right onto NC133 and stay in the right two lanes, continue onto Village Road, turn right onto Dresser Lane, take first left into parking lot.
- Sign on Property
- No
Building Info
- New Construction
- No
BuildingExt Features
- SqFt - Heated (Primary)
- 29222
Legal and Taxes
- Tax Assessed Value
- 3926930
- Deed Book
- unk
- Legal
- Multi
- Broker Owner
- No
- PID
- multi
- Tax Identifier
- 038af014
- Plat Book
- unk
- Plat Page
- unk
- Total Real Estate Property Taxes
- 1319.41
- Special Assessments
- none
- Tax Year
- 2025
- Year Built
- 2018
- Zoning
- Le-T-4O
- Cobra Zone
- No
- Deed Page
- 0
More Information
Financial Info
- Financial Info
- Yes
- Gross Income
- 391140
- Real Estate Taxes
- 28000
- Insurance Expense
- 15400
- Common Area Maint
- 14100
Building/Ext Features
- # of Parking Spaces
- 45
- # of Units
- 20
- Fireplace Y/N
- No
- Lot Acres
- 1.96
- Lot SqFt
- 85378
- Lot Dimensions
- irregular
- Location Type
- Mainland
Exterior Finish
- Vinyl Siding
- Yes
Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Foundation
- Slab
- Yes
Flooring
- Carpet
- Yes
- LVT/LVP
- Yes
Parking Features
- On Site
- Yes
Sale/Lease Includes
- Buildings
- Yes
- Land
- Yes
Heating System Fuel Source
- Electric
- Yes
Property Features
Exterior Finish:
Vinyl Siding
Flooring:
Carpet; LVT/LVP
Foundation:
Slab
Parking Features:
On Site
Heating System Fuel Source:
Electric
Terms:
1031 Exchange; Cash; Conventional
Listing Office:
Town & Country Real Estate
IDX
Last Updated: March - 31 - 2026
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