5050 Wrightsville Ave, Wilmington, NC 28403
- $499,000
- 4
- BD
- 2
- BA
- 1,441
- SqFt
Listing courtesy of Cadence Realty Corporation.
Seller Representative Cadence Realty Corporation
Listing courtesy of Cadence Realty Corporation. Contact:
- List Price
- $499,000
- Status
- COMING SOON
- Days on Market
- 0
- MLS#
- 100603899
- Subtype
- Residential
- Year Built
- 1960
- Bedrooms
- 4
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,441
- Lot Size
- 19,166
- Acres
- 0.44
- Subdivision
- Not In Subdivision
- Neighborhood
- Not In Subdivision
Property Description
INVESTMENT OPPORTUNITY WITH DETACHED INCOME-PRODUCING ADU! 5050 Wrightsville Avenue offers a unique opportunity featuring a renovated 3-bedroom, 1-bath main residence PLUS a separate detached ADU that is already tenant-occupied and producing $900 per month in rental income. The main residence has undergone substantial renovations, including new LVP flooring throughout, fresh interior paint, new HVAC, new appliances, new countertops, and a renovated bathroom. Both the main residence and detached ADU received new roofs in 2022. The detached ADU is a major feature of this property, providing existing rental income from day one. The ADU has its own water and sewer connections and is currently leased at $900 per month, creating an attractive opportunity for an investor or an owner-occupant looking to offset housing expenses with rental income. Situated on approximately 0.44 acres with O&I zoning, the property also offers a large yard and ample off-street parking. Documentation regarding the ADU's legal nonconforming residential status is available. Whether purchased as an investment property or as a primary residence with supplemental rental income, the separate income-producing ADU provides flexibility that is difficult to find in this Wilmington location. Convenient access to UNCW, Wrightsville Beach, shopping, restaurants, and downtown Wilmington. MAIN HOUSE + DETACHED ADU + EXISTING $900/MONTH ADU RENTAL INCOME.
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Additional Information
- Zoning
- O&I
- Flooring
- Vinyl
- Appliances
- Built-In Microwave, Refrigerator, Dishwasher, Electric Range
- Heating
- Heat Pump, Electric
- Air Conditioning
- Central Air, Window/Wall, Heat Pump
- Levels
- One
- Roof
- Architectural
- Foundation
- Crawl Space
- Parking Features
- Off Street
- School District
- New Hanover
- Elementary School
- College Park
- Middle School
- Williston
- High School
- Hoggard
- View
- Other
Mortgage Calculator
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