4211-4213 Spirea Drive 4211-4213 Spirea Drive Wilmington, North Carolina 28403 United States

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!

Listing Courtesy of Jeremiah Barnett, Keller Williams Innovate-Wilmington