1205 Wind Sail Drive, Wilmington, NC 28401

$2,199,000
List Price
$2,199,000
Status
ACTIVE
MLS#
100278280
Days on Market
164
Acres
16
Neighborhood
Other

Property Description

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)

Additional Information

Taxes
$296

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Intracoastal Realty Corp.

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