$2,800,000

Estimated payment $15,879/month

Total Views 157
3 Beds
2 Baths
1,302 Sq Ft
$2,151 Price per Sq Ft

Highlights

  • 4.36 Acre Lot
  • No HOA
  • Forced Air Heating System
  • Holly Tree Elementary School Rated A-
  • Porch
  • Combination Dining and Living Room

About This Home

Turnkey 9-unit residential portfolio offered with roughly two additional contiguous acres of adjacent land in a prime infill location - total acreage of site is 4.36 ac. Fully leased and well-maintained, this stabilized income-producing asset presents both immediate cash flow and long-term upside. The property features a mix of unit types, some with garages, and sits within a strong rental submarket. The additional acreage offers excellent development potential for expansion, subdivision, or future redevelopment. A rare opportunity to acquire both rental income and infill land in a single package.Seller's are listing brokers and licensed NC Real Estate Brokers.

Listing Agent

Jarrod Covington

Cadence Realty Corporation License #302670 Listed on: 06/12/2025

Co-Listing Agent

Luke Waddell

Cadence Realty Corporation License #272930

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,831

Year Built

  • Built in 2002

Lot Details

  • 4.36 Acre Lot
  • Property is zoned R-15

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Stick Built Home

Interior Spaces

  • 1,302 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 6 Garage Spaces | 2 Attached and 4 Detached
  • Driveway
  • Additional Parking

Schools

  • Holly Tree Elementary School
  • Roland Grise Middle School
  • Hoggard High School

Additional Features

  • Porch
  • Forced Air Heating System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R06120-007-018-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,831

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential
  • Sub Type: Single Family Residence
  • Cobra Zone: No
  • Construction: Wood Frame
  • Construction Type: Stick Built
  • New Construction: No
  • Stories: 1.0
  • Stories Levels: Two
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Room Type: Combination
  • Fireplace: None
  • Heated Sq Ft: 1200 - 1399
  • Interior Amenities: None
  • List Price per Sq Ft: 2150.54
  • Master Bedroom Level: Primary Living Area
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedrooms: 3
  • Number Rooms: 5
  • Sq Ft Heated: 1302.00
  • Total Heated Primary Separate Sq Ft: 1302.00

Exterior Features

  • Exterior Finish: Brick, Vinyl Siding
  • Fencing: Partial
  • Foundation: Crawl Space, Slab
  • Porch Balcony Deck: Porch
  • Road Type Frontage: Public (City/Cty/St)
  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Attached Garage Spaces: 2.00
  • Detached Garage Spaces: 4.00
  • Total Garage Spaces: 6.00
  • Parking Driveway: Additional Parking, Concrete

Utilities

  • Cooling System: Central Air
  • Heating System: Forced Air
  • Utilities: Sewer Connected, Water Connected
  • HeatingSystemFuelSource: See Remarks

Association/Amenities

  • HOA: No

Schools

  • School District: New Hanover

Lot Info

  • Deed Page: 961.00
  • Lot Acres: 4.36
  • Lot Dimensions: irregular
  • Lot Sq Ft: 189922.00
  • Zoning: R-15

Tax Info

  • Tax Identifier: R06120-007-018-000
  • Tax Year: 2025

MLS Schools

  • Elementary School: Holly Tree
  • High School: Hoggard
  • Middle School: Roland Grise
  • School District: New Hanover

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,831 $325,400 $112,900 $212,500
2023 $2,831 $325,400 $112,900 $212,500
2022 $2,766 $325,400 $112,900 $212,500
2021 $2,785 $325,400 $112,900 $212,500
2020 $2,476 $235,000 $75,000 $160,000
2019 $2,476 $235,000 $75,000 $160,000
2018 $2,476 $235,000 $75,000 $160,000
2017 $2,476 $235,000 $75,000 $160,000
2016 $2,200 $198,600 $75,000 $123,600
2015 $2,103 $198,600 $75,000 $123,600
2014 $2,014 $198,600 $75,000 $123,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2025 06/12/25 For Sale $2,800,000 -- $2,151 / Sq Ft
Source: Hive MLS

Purchase History

Date Type Sale Price Title Company
Deed -- None Listed On Document
Deed -- None Listed On Document
Warranty Deed $700,000 None Available
Deed -- None Available
Deed -- --
Deed $500,000 --
Deed $13,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $595,000 Commercial
Previous Owner $180,000 Unknown
Previous Owner $445,000 Unknown
Source: Public Records

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Source: Hive MLS

MLS Number: 100513158

Hive MLS

APN: R06120-007-018-000