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20-Unit Townhome Village, Leland NC Village Rd 20 Unit Apartment Building $7,321,125 CAD ($366,056 CAD/Unit) 6.36% Cap Rate Leland, NC 28451
Investment Highlights
- Fully leased well-located 20-townhome complex
- Stable in-place income
Executive Summary
20 unit townhome complex Woodburn Townhomes
Rare opportunity to acquire a fully leased well-located 20-townhome complex investment property in the rapidly growing Leland submarket, just minutes from Wilmington. This asset offers stable in-place income with significant upside potential in one of the fastest-growing coastal regions in the Southeast.
The property consists of twenty 3 bedroom, 2 full bath individually parceled residential units with strong occupancy history and consistent rental demand driven by population growth, employment expansion, and continued migration to the coastal Carolina region. Leland has experienced substantial residential and commercial growth in recent years due to its proximity to Wilmington, access to major transportation corridors including US-17 and I-140, and its appeal as a more affordable alternative to nearby coastal markets. Brunswick County continues to see above-average population growth, supporting strong fundamentals for multifamily housing.
The offering presents an attractive opportunity for private investors, owner-operators, and 1031 exchange buyers.
With replacement costs continuing to rise and limited new supply in the immediate submarket, existing multifamily assets such as this property remain highly desirable among investors seeking long-term holds in high-growth coastal markets.
Rare opportunity to acquire a fully leased well-located 20-townhome complex investment property in the rapidly growing Leland submarket, just minutes from Wilmington. This asset offers stable in-place income with significant upside potential in one of the fastest-growing coastal regions in the Southeast.
The property consists of twenty 3 bedroom, 2 full bath individually parceled residential units with strong occupancy history and consistent rental demand driven by population growth, employment expansion, and continued migration to the coastal Carolina region. Leland has experienced substantial residential and commercial growth in recent years due to its proximity to Wilmington, access to major transportation corridors including US-17 and I-140, and its appeal as a more affordable alternative to nearby coastal markets. Brunswick County continues to see above-average population growth, supporting strong fundamentals for multifamily housing.
The offering presents an attractive opportunity for private investors, owner-operators, and 1031 exchange buyers.
With replacement costs continuing to rise and limited new supply in the immediate submarket, existing multifamily assets such as this property remain highly desirable among investors seeking long-term holds in high-growth coastal markets.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$545,445
|
$18.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$545,445
|
$18.85
|
| Taxes |
$39,119
|
$1.35
|
| Operating Expenses |
$54,946
|
$1.90
|
| Total Expenses |
$94,065
|
$3.25
|
| Net Operating Income |
$451,380
|
$15.60
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $545,445 |
| Annual Per SF | $18.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $545,445 |
| Annual Per SF | $18.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $39,119 |
| Annual Per SF | $1.35 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $54,946 |
| Annual Per SF | $1.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $94,065 |
| Annual Per SF | $3.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $451,380 |
| Annual Per SF | $15.60 |
Property Facts
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
- Pantry
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 20 | - | 1,442 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 038AB005 | Total Assessment | $364,285 CAD |
| Land Assessment | $264,843 CAD | Annual Taxes | $39,119 CAD ($1.35 CAD/SF) |
| Improvements Assessment | $99,442 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
038AB005
Land Assessment
$264,843 CAD
Improvements Assessment
$99,442 CAD
Total Assessment
$364,285 CAD
Annual Taxes
$39,119 CAD ($1.35 CAD/SF)
Tax Year
2025
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20-Unit Townhome Village, Leland NC | Village Rd
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