Property Type:
Comm Sale or Lease
Square Footage:
13,320
Lot Size (sq. ft.):
60,810
Status:
Active
Current Price:
$3,550,000
List Date:
4/26/2026
Last Modified:
4/26/2026
Overview
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.
Last Updated: April - 26 - 2026
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