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About This Home
This 9-bedroom, 4-bathroom residential multi family at 1421 -1425 Wellington Avenue in Wilmington, NC is listed for $1,065,000 ($301 per sqft). Built in 1974, the home offers 3,542 sqft of living space on a 0.30 acres lot.
Turnkey 4-unit investment opportunity featuring two duplexes on adjacent lots (sold together). Rare ''quad'' setup ideal for investors seeking immediate cash flow and portfolio expansion. Unit mix includes: one 3BR/2BA, one 2BR/2BA, one 2BR/1BA, and one 3BR/3BA.
Property offers off-street parking and garage. Located on a corner lot with O&I zoning, providing flexibility for continued residential use or potential conversion to other permitted uses (buyer to verify). Currently fully income-producing. Conveniently situated near hospital, shopping, businesses, and beaches--strong rental demand area. Great opportunity for investors looking for stable income with upside potential.
Key Features
- Built in 1974
- 0.30 acre lot
- 1 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$5,696/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1421 -1425 Wellington Avenue
Wilmington, NC 28401
Halcyon
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 9-bedroom, 4-bathroom residential multi family at 1421 -1425 Wellington Avenue is listed at $1,065,000 ($301/sqft). The estimated monthly payment is $4,615 based on 20% down at 6.5% interest.
Key features include: Built in 1974, 0.30 acre lot, 1 parking spaces. Interior Features: See Remarks61.
This property is listed by Jeffrey G Hovis and can be reached at 9105122205 or jhovis@intracoastalrealty.com.