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2830 Worth Drive
Wilmington, NC 28412
Asking Price
$1.30M
Cap Rate
20.4%
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B
What's Special
Multifamily | 20.40% CAP <p><span style="color: rgba(0, 0, 0, 1)">This three-parcel assemblage sits in one of Wilmington's fastest-growing residential infill corridors. It includes a road frontage parcel with an existing 2BR/1BA home at 2830 Worth Drive, plus two additional tracts totaling 2.56 acres. The site lies in an area seeing significant new construction, including several duplex and triplex projects. The 100-foot frontage provides essential utility and vehicle access to the rear acreage, making it suitable for a
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NOI
$80,000
Cap Rate
6.16%
DSCR
1.04
Tight
Cash-on-Cash
0.74%
Monthly Payment
$6,426.743
Annual Cash Flow
$2,879.081
