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33523860
33523858

2830 Worth Drive, Wilmington, NC 28412

Town & Country Real Estate
Listed by Town & Country Real Estate
$1,299,000
1 day on market
Updated 1 day ago

2830 Worth Drive

Details
Property Type Multifamily, Land
Sub Type Single Family Rental Portfolio, Apartment Building (+1)
Net Rentable (SqFt) 1,600
Cap Rate 20.4%
NOI $265,000
Tenancy Multi
Year Built 1958
Buildings 20
Acreage 2.560
Zoning R-5
Parking Spaces per unit
Investment Type Redevelopment
Sale Condition 1031 exchange

Multifamily | 20.40% CAP

Marketing description

~Package Deal~ Strategic 2.56-acre development assemblage in one of Wilmington's fastest-growing residential infill corridors.

Investment highlights

This three-parcel assemblage sits in one of Wilmington's fastest-growing residential infill corridors. It includes a road frontage parcel with an existing 2BR/1BA home at 2830 Worth Drive, plus two additional tracts totaling 2.56 acres. The site lies in an area seeing significant new construction, including several duplex and triplex projects. The 100-foot frontage provides essential utility and vehicle access to the rear acreage, making it suitable for a townhome or cottage court community of up to 20 units. The home is currently leased at $1,800 per month on a 12-month term, delivering immediate income during the planning phase. This is a rare chance to secure contiguous land in a proven high-density transition zone. Buyer to verify all zoning and utility capacity.

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$265,000.00
$22,083.33/mo

Valuation Metrics

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DSCR
20.4%
Cap Rate
20.4%
ROI

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