Investors and homeowners, take note! This exceptional opportunity presents a brand-new, three-unit luxury townhome development in Wilmington, North Carolina's vibrant midtown area. Designed by renowned architect Rob Romero, this modern industrial-style triplex boasts high-end finishes and a prime location, just steps from Empie Park and Independence Mall. Each unit offers approximately 1700 square feet of living space, featuring three bedrooms, two bathrooms, a studio/recreation room, a garage, and a private rooftop deck. The property is situated on a quiet cul-de-sac, offering convenient access to downtown Wilmington, the University of North Carolina Wilmington, and area beaches (within 5-10 minutes). This multifamily investment presents multiple income streams: live in one unit and rent the others, rent all three, or convert to condos for future individual sales. The asking price is $1,999,900, representing a pro-forma cap rate of 10% and a pro-forma NOI of $200,000. Each unit is priced at $666,633.33. Built in 2024, this two-story building offers significant potential for immediate equity and strong rental returns, whether utilized for short-term, mid-term, or long-term rentals. Incentive packages may be available to assist with closing costs and financing. This is a truly unique opportunity to acquire a turnkey, high-value property in a desirable location.
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Domenico Grillo
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3605 Caswell St, Wilmington, North Carolina, 28403
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
3605 Caswell St
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