4211-4213 Spirea Drive, Unit AD AD

Wilmington, NC 28403

$2,900,000
Price
—
Beds
10,908 Sq. Ft.
$266 / Sq. Ft.
10,908
Sq. Ft.
$266
per Sq. Ft.
Cover Photo
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Description

This newly constructed multi-family property offers a fantastic investment opportunity with eight luxury townhomes in a prime location. Situated near the hospital, Oleander Drive, UNC Wilmington, and Wrightsville Beach, the property provides tenants with both convenience and accessibility. The development includes two buildings: one with four 3-bedroom, 2.5-bathroom units, each featuring a one-car garage, and another with four 2-bedroom, 2.5-bathroom units. Each townhome is equipped with modern kitchens...This newly constructed multi-family property offers a fantastic investment opportunity with eight luxury townhomes in a prime location. Situated near the hospital, Oleander Drive, UNC Wilmington, and Wrightsville Beach, the property provides tenants with both convenience and accessibility. The development includes two buildings: one with four 3-bedroom, 2.5-bathroom units, each featuring a one-car garage, and another with four 2-bedroom, 2.5-bathroom units. Each townhome is equipped with modern kitchens and stainless steel appliances, appealing to renters seeking quality living spaces. With projected rents of $2,200 per month for the 3-bedroom units and $2,000 per month for the 2-bedroom units, this property offers a strong return on investment with an estimated cap rate of nearly 7%. Conveniently located close to the area's key amenities, this property is an excellent choice for investors looking to add a high-performing asset to their portfolio. Contact us today for more details!
  1. Listed by Jeremiah Barnett • Keller Williams Innovate-Wilmington

Property Details for 4211-4213 Spirea Drive, Unit AD AD

Subdivision Name
Other
Zoning
R-5 (CD)
LISTING UPDATED: 12/02/2024 12:33 PM

Property Details for 4211-4213 Spirea Drive, Unit AD AD

StatusActive
MLS #100478208
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family
Year Built2024
Lot Size0.78 AC / 33,977 SF
CountyNew Hanover County

Building Information for 4211-4213 Spirea Drive, Unit AD AD

Stories-Residences-Year Built2024Building Size-Lot Size0.78 AC / 33,977 SF

Property Information for 4211-4213 Spirea Drive, Unit AD AD

Summary
Location and General Information
  • City: Wilmington
  • State Or Province: NC
  • Postal Code: 28403
  • County Or Parish: New Hanover
  • Directions: S College Rd. Turn right onto Spirea Dr. Property on right
  • Latitude: 34.21
  • Longitude: -77.89
  • City Limits: Yes
  • Secondary Subdivision: N/A
  • Building Ext Features: Location Type: Mainland
  • Legal and Taxes: Zoning Details: R-5 (CD)
Taxes and HOA
  • Tax Other Assessment Amount Frequency: none
  • Association Fee: $.00
  • Tax Legal Description: 48 Thru 52 Prospect Pl Wilm /Pt R/W
  • Tax Book Number: 0
  • Tax Map Number: R06106-003-014-000
  • Tax Year: 2024
  • Tax Assessed Value: $141,500.00
  • Parcel Number: R06106-003-014-000
  • Tax Block: 0
  • Association: Yes
  • Legal and Taxes: Cobra Zone: No
  • Legal and Taxes: Deed Book: 6615
  • Legal and Taxes: Deed Page: 1620.0
  • Legal and Taxes: Legal: 48 Thru 52 Prospect Pl Wilm /Pt R/W
  • Legal and Taxes: PID: R06106-003-014-000
  • Legal and Taxes: Plat Book: 0
  • Legal and Taxes: Plat Page: 0
  • Legal and Taxes: Tax Assessed Value: $141,500.00
  • Legal and Taxes: Tax Year: 2024
Parking
  • Garage: SentriLock
  • Space: Yes
Property
Lot Information
  • Lot Size Units: Acres
  • Lot Size Acres: 0.78
  • Lot Size Area: 0.78
  • Lot Size Dimensions: TBD
  • Building Area Total: 10908.0
  • Lot Size Square Feet: 33977.0
  • Building Ext Features: Lot Dimensions: TBD
  • Building Ext Features: Lot Acres: 0.78
  • Building Ext Features: Lot Sq Ft: 33977.0
Property and Assessments
  • Structure Type: Wood Frame
  • New Construction: Yes
  • Year Built: 2024
  • Legal and Taxes: Special Assessments: none
  • Construction: Wood Frame: Yes
  • Foundation: Slab: Yes
Interior and Exterior Features
Exterior Features
  • Association Amenities: Maint - Comm Areas, Maint - Grounds, Master Insure, Trash
  • Roof: Shingle
  • Fuel Tank: None: Yes
  • Foundation Details: Slab
Interior Features
  • Flooring: LVT/LVP
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00
  • Cooling: Yes
  • Heating: Yes
  • Flooring: L V T L V P: Yes
  • Cooling System: Central: Yes
  • Heating System: Electric: Yes
Multi Family
Unit 1
  • Heating: Heat Pump: Yes

Property History for 4211-4213 Spirea Drive, Unit AD AD

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4211-4213 Spirea Drive, Unit AD AD

This home is within New Hanover County School District.
Rating
School
Type
Grades
Distance
Winter Park Model Elementary
Public - K to 5
Roland-Grise Middle School
Public - 6 to 8
John T Hoggard High
Public - 9 to 12
Isaac M Bear High
Public - 9 to 12
Rating
School
Distance
Winter Park Model Elementary
PublicK to 5

Roland-Grise Middle School
Public6 to 8

John T Hoggard High
Public9 to 12

Isaac M Bear High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4211-4213 Spirea Drive, Unit AD AD, Wilmington, NC 28403

4211-4213 Spirea Drive, Unit AD AD is a multi-family home for sale in Wilmington, NC 28403. This property was listed for sale on December 1, 2024 by Keller Williams Innovate-Wilmington, it's currently listed at $2,900,000. This listing's school district is New Hanover County School District. Nearby schools include Winter Park Model Elementary, Roland-Grise Middle School and John T Hoggard High. 4211-4213 Spirea Drive, Unit AD AD is a 0-bed, 0-bath, 10,908 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Innovate-Wilmington

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 12/02/2024 12:33 PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Compass shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2025 Hive MLS