Price Reduced ListingTurnkey Downtown Wilmington Investment - Fully Renovated 3BR/2BA. Investor opportunity in the heart of Wilmington! This fully renovated 3-bedroom, 2-bath home features a private driveway with dedicated off-street parking for up to three vehicles, a fenced-in yard, and immediate rental income. The property has a tenant in place through June 2027, currently paying $2,100 per month with professional property management already established. The home underwent an extensive renovation in 2026, completed with full permits and engineering. Improvements include a new roof, windows, electrical, plumbing, HVAC and ductwork, insulation, LVP flooring, kitchen cabinets, appliances, interior finishes, doors and hardware. The floor plan was improved with a second full bathroom, expanded primary bedroom closet and relocated laundry area. Off-street parking is a standout feature for this downtown location. The private driveway accommodates up to three vehicles, giving residents convenient parking directly on the property without having to rely solely on street parking. The property also features a fenced-in yard, providing private outdoor space and adding to the home's appeal for both current and future tenants. With major systems and finishes already updated, this property offers an attractive combination of location, established rental income and low-maintenance ownership. Convenient to Downtown Wilmington, the Castle Street District, restaurants, shopping and entertainment. Tenant Occupied at $2,100/Month Lease Through June 2027 3 Bedrooms 2 Full Baths Fully Permitted & Engineered 2026 Renovation Private Driveway Off-Street Parking for Up to 3 Vehicles Fenced-In Yard
| MLS # | 100602868 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 24 |
| Listing Provided By | Cadence Realty Corporation | Timothy M Hearne |
| Bed(s) | 3 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,005 |
| Story(s) | 1 |
| Zoning | R-3 |
| Acreage | 0.07 |
| Property View | None |
| Interior Features | High Ceilings |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air |
| Fireplace Yes / No | No |
| Rooms Total | 5 |
| Roof | Architectural Shingle |
|---|---|
| Foundation Details | Crawl Space |
| View | None |
| Construction Materials | Vinyl Siding, Fiber Cement, Wood Frame |
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | On Street, Off Street, On Site |
| Utilities | Sewer Connected, Water Connected |
|---|
| Tax Assessed Value | 260000 |
|---|---|
| Tax Book Number | 0 |
| Tax Legal Description | LOT 5 BLK 162 PT WILMINGTON |
| Tax Year | 2025 |
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| School District | New Hanover |
| Elementary School | Snipes |
| High School | New Hanover |
| Listing VS Median (in 28401) | |
Price: $334,000 low | high Med: $371,950 sqft: 1,005 low | high Med: 1,463 $ / sqft: $332 low | high Med: $254 On site: 24 low | high Med: 49 | |
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| School District | New Hanover |
| Elementary School | Snipes |
| High School | New Hanover |
| Listing VS Median (in 28401) | |
Price: $334,000 low | high Med: $371,950 sqft: 1,005 low | high Med: 1,463 $ / sqft: $332 low | high Med: $254 On site: 24 low | high Med: 49 | |