232 Jordan Ln 55 Unit Apartment Building $20,615,153 CAD ($374,821 CAD/Unit) 6.29% Cap Rate Wilmington, NC 28403

Rare opportunity to acquire a substantial residential investment portfolio located throughout Wilmington, NC. Offered at $14,950,000, the portfolio includes a diversified mix of single-family homes, duplex/multifamily properties, and properties with ADU configurations, with multiple assets positioned near UNCW, established student-rental corridors, major employment centers, and the hospital corridor.
The portfolio provides established rental income with additional upside through future rent growth, renovation, redevelopment, and repositioning opportunities. Several properties are concentrated in desirable infill locations, including the Wrightsville Avenue/Park Avenue area, where additional redevelopment potential may exist subject to zoning and governmental approvals.
Multiple properties have historically benefited from strong student and workforce rental demand, while the broader portfolio offers diversification across several Wilmington submarkets and housing types.
Asking Price: $14,950,000. Based on current normalized operating income, the offering reflects an approximate 6.3% cap rate.
Seller will consider offers for the portfolio as a whole or select groups of properties. Current rent roll and operating statements are available to qualified buyers. Broker-owned property. Seller may consider qualified financing structures depending on purchase price, buyer qualifications, and overall transaction terms.