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Additional Information
- Kind
- Multi Family
- Parking
- Parking Lot
- Off Street
- Paved
- Lot Description
- See Remarks
Market Trends for
Wilmington
- Last Updated: 11/21/24
- Market Snapshot
- Total Properties listed: 1
- Average list Price: $425,000.00
- Median list Price: $0.00
- Typical Property
- Commercial
- 0 Square Feet
- $0 / Sq. Ft.
$3,550,000.00 145 Lullwater Drive #1-24
- MLS#:100569678
- Address: 145 Lullwater Drive #1-24
- City / Zip:Wilmington, NC 28403
- Area:Wilmington
- County:New Hanover
- Neighborhood:Lullwater Village
- Sq Ft:13,320
- Acres:1.4
- Year Built:1997
- Zoning:MD-17
- Time On Market:04/26/2026
- Property Type: commercial
Street View
Property Amenities
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Flooring
- Carpet
- Vinyl
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Cooling / Heating
- true
-
Roof
- Shingle
-
Lot Description
- See Remarks
This listing is Provided by the Brunswick County MLS and Intracoastal Realty Corp.
Information Deemed Reliable But Not Guaranteed
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Agent's Comments
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.