1205 Wind Sail Drive, Wilmington, NC 28401 (MLS # 100278283)

PRICE $2,199,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 16.00 ac

Excellent income producing investment that adjoins the Ness Creek portion of the Cape Fear River in the quickly developing Castle Hayne market. The property is subdivided into 33 individual lots, 17 of which have fully leased modular homes that generate in excess of $17,000 a month in revenue. The existing layout facilitates further horizontal residential development with the opportunity to grow revenue immediately. The subject property is located less than 5 miles from Downtown Wilmington with nearby access to US Hwy 421, US 74/76, US 1-140, and I-40. The location provides easy access to the New Hanover, Brunswick, and Pender County Beaches. The Castle Hayne/Wilmington market boasts one of the country's most robust residential growth markets, with residential developments selling at premium prices due to a regional shortage in available housing. Financials are available with an executed NDA. Multiple access options are available. (See Survey Attached)

DAYS ON MARKET 93 LAST UPDATED 6/25/2021
TRACT Other YEAR BUILT 0
COUNTY New Hanover STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage

SCHOOLS
Elementary School Wrightsboro
Jr. High School Holly Shelter
High School New Hanover


ADDITIONAL DETAILS
LOT 16.00 acre(s)
SUBDIVISION Other
WATER Municipal Water
ZONING R-20
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
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Listed with Intracoastal Realty Corp
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