4211-4213 Spirea Drive, A-D, A-D, Wilmington, NC 28403
$3,000,000
Property Type:
Comm Sale or Lease
Square Footage:
10,908
Lot Size (sq. ft.):
33,977
Status:
Active
Current Price:
$3,000,000
List Date:
12/02/2024
Last Modified:
2/21/2025
Description
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!
More Information MLS# 100478208
Contract Info
Available Date: 2024-12-01
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2024-12-01
Sub-Type: Multi Family
Garage: SentriLock
Space: Yes
Sale/Lease: Sale
Listing Price: 3000000
Current Price: $3,000,000
List Price/SqFt: 275.03
Stipulation of Sale: Standard
Location Information
Street #: 4211-4213
Street Name: Spirea
Street Suffix: Drive
Unit #: A-D, A-D
County: New Hanover
State/Province: NC
Zip Code: 28403
City Limits: Yes
Subdivision: Other
Secondary Subdivision: N/A
Geo Lat: 34.209409
Geo Lon: -77.89168
Remarks and Showing
Directions to Property: S College Rd. Turn right onto Spirea Dr. Property on right
Sign on Property: Yes
Building Info
New Construction: Yes
Presale: Yes
Est. Complete Date: 2024-12-01
BuildingExt Features
SqFt - Heated (Primary): 10908
Legal and Taxes
Tax Assessed Value: 141500
Deed Book: 6615
Deed Page: 1620
Legal: 48 Thru 52 Prospect Pl Wilm /Pt R/W
Broker Owner: No
PID: R06106-003-014-000
Tax Identifier: R06106-003-014-000
Special Assessments: none
Tax Year: 2024
Year Built: 2024
Zoning: R-5 (CD)
Cobra Zone: No
Property Features
HOA and Neigh Amenities: Maint - Comm Areas; Maint - Grounds; Master Insure; Trash
Construction: Wood Frame
Flooring: LVT/LVP
Foundation: Slab
Fuel Tank: None
Roof: Shingle
Location: Residential
Cooling: Central Air; Heat Pump
Heating: Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Terms: 1031 Exchange; Cash; Conventional
Listing Office: Keller Williams Innovate-Wilmington
Last Updated: February - 21 - 2025
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