Tucked into the vibrant character of Wilmington and brimming with strategic potential, this four-bedroom, two-bathroom residence offers a rare combination of established income and lifestyle adaptability. Generating consistent rental income of $2,700 per month, the property operated as a registered group home with the City of Wilmington, offering a turnkey opportunity for investors or care-focused operators seeking a high-yield model in a flourishing coastal market.
Step inside to a thoughtfully designed floor plan where function meets comfort. The living room, with its large front-facing window, flows seamlessly into a dining area and an efficient, well-lit kitchen equipped with durable countertops, ample cabinetry, and low-maintenance flooring. The primary bedroom is privately situated and filled with natural light, offering a peaceful retreat. Three additional bedrooms"”each with sizable closets and neutral finishes"”are roomy retreats. Bathrooms feature modern vanities, vinyl flooring, and clean-lined fixtures for ease of upkeep.
The exterior offers equal promise, with a spacious backyard inviting relaxation or extension. Mature trees at the edge of the lot provide a natural screen, while the front lawn is easily maintained with opportunity for custom landscaping. Off-street parking adds convenience for both residents and visitors. Positioned near the University of North Carolina Wilmington, major retailers, dining, public transit, and Wrightsville Beach, this home balances income potential with lifestyle flexibility.
Property Type(s):
Single Family
|
Last Updated
|
8/22/2025
|
Tract
|
College Park
|
|
Year Built
|
1954
|
County
|
New Hanover
|
SCHOOLS
| Elementary School |
College Park |
| Jr. High School |
Williston |
| High School |
New Hanover |
Price History
|
Prior to Aug 22, '25
|
$465,000 |
| Aug 22, '25 - Today |
$395,999 |
Additional Details
| AIR |
Ceiling Fan(s), Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Electric Oven, Range, Refrigerator |
| BASEMENT |
None |
| CONSTRUCTION |
Vinyl Siding |
| EXTERIOR |
None |
| HEAT |
Electric, Forced Air, Heat Pump |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
0.58 acre(s) |
| LOT DESCRIPTION |
Interior Lot |
| LOT DIMENSIONS |
130x190x131x200 |
| PARKING |
None, Off Street |
| SEWER |
Public Sewer |
| STORIES |
1 |
| SUBDIVISION |
College Park |
| TAXES |
2273.38 |
| UTILITIES |
Sewer Connected, Water Connected |
| WATER |
Public |
Location
Listed with Margaret Rudd Assoc/Sp
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This IDX solution is (c) Diverse Solutions 2025.
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