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145 Lullwater DriveWilmington, NC 28403

  • Multi Family
  • $10,750,000
  • 41,315 SQFT

Excellent investment opportunity in the downtown Wilmington area. This rental portfolio consists of 54 income-producing units located in close proximity to downtown. Property mix includes 24 apartment-style condo units in two buildings, along with quadplexes, triplexes, duplexes, and single-family homes, offering diversification and stable cash flow. Current annual rental income is approximately $800,000, with documented upside potential to $1,056,000 annually through rent increases and continued stabilization. Seller has completed approximately $600,000 in recent capital improvements throughout the portfolio, providing reduced deferred maintenance and improved operational efficiency. Ideal opportunity for investors seeking to enter the Wilmington rental market or expand an existing portfolio with scale, location, and value-add potential. Financials available upon request.

Last Checked
1 minute ago
Last Updated
Mar 02, 2026
Days on Website
104

Property Details for 145 Lullwater Drive

145 Lullwater Drive 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

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:
100546013
Data Source:
Hive MLS
Last Checked:
1 minute ago
Last Updated:
March 2, 2026 12:31 AM UTC
Days on Site:
104
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