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Lullwater Rental Information
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145 Lullwater Drive #1-24Wilmington, NC 28403

  • Multi Family
  • $3,550,000
  • 13,320 SQFT

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 Checked
1 minute ago
Last Updated
Apr 26, 2026
Days on Website
17

Property Details for 145 Lullwater Drive #1-24

145 Lullwater Drive #1-24 is a [object Object] commercial space for sale in Wilmington, NC 28403.

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Jeffrey G Hovis

Intracoastal Realty Corp

910-512-2205

Please contact Jeffrey G Hovis at Intracoastal Realty Corp direct by phone at 910-512-2205. You may also reach Intracoastal Realty Corp by phone at 910-256-4503.

Listing Provider for 145 Lullwater Drive #1-24

Offered by Red Door Company. Information Not Guaranteed. © Hive MLS LLC. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Red Door Company shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.

Agent:
Jeffrey G Hovis
Agent Phone Number:
910-512-2205
Office:
Intracoastal Realty Corp
Office Phone Number:
910-256-4503
MLS ID:
100569678
Data Source:
Hive MLS
Last Checked:
1 minute ago
Last Updated:
April 26, 2026 11:48 AM UTC
Days on Site:
17
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