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31344729
31344730

Dresser Ln, Leland, NC 28451

Town & Country Real Estate
Listed by Town & Country Real Estate
$5,250,000
78 days on market
Updated 78 days ago

20-unit Townhome Complex Woodburn Townhomes Leland NC

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 29,222
Units 20
Cap Rate 6.36%
NOI $334,040
Occupancy 100%
Price per SqFt $180
Year Built 2018
Buildings 1
Stories 2
Acreage 2.000
Parking Spaces 30 spaces
Parking Per SqFt 1.03
Ground Lease Yes
Ownership At closing

Multifamily | 20 Units | $262,500/unit

Marketing description

20 unit townhome complex Woodburn Townhomes

Rare opportunity to acquire a fully leased well-located 20-townhome complex investment property in the rapidly growing Leland submarket, just minutes from Wilmington. This asset offers stable in-place income with significant upside potential in one of the fastest-growing coastal regions in the Southeast.

The property consists of twenty 3 bedroom, 2 full bath individually parceled residential units with strong occupancy history and consistent rental demand driven by population growth, employment expansion, and continued migration to the coastal Carolina region. Leland has experienced substantial residential and commercial growth in recent years due to its proximity to Wilmington, access to major transportation corridors including US-17 and I-140, and its appeal as a more affordable alternative to nearby coastal markets. Brunswick County continues to see above-average population growth, supporting strong fundamentals for multifamily housing.

The offering presents an attractive opportunity for private investors, owner-operators, and 1031 exchange buyers.

With replacement costs continuing to rise and limited new supply in the immediate submarket, existing multifamily assets such as this property remain highly desirable among investors seeking long-term holds in high-growth coastal markets.

Listing Contacts

Town & Country Real Estate
Listed by Town & Country Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$334,040.00
$27,836.67/mo

Valuation Metrics

0
DSCR
6.36%
Cap Rate
6.36%
ROI

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Additional Information

Name
Jenna Toomey
License
C22699
Brokerage
Town & Country Real Estate
Title
Broker of Record
Brokerage Address
401-A Chestnut Street, Wilmington NC 28401
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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