New Hanover County, Wilmington, NC 28409
3 bd2 ba1,160 sfBuilt 1995
Gross spread$370,000
Description
CRAZY CASHFLOW ALERT Turnkey subto opportunity in Wilmington, NC near Carolina Beach in a high-demand rental area. This property has NO repairs needed - fully rent-ready and positioned for immediate cash flow with ANY exit strategy! Get ready to generate strong returns through long-term rental, short term rental, or Section 8 from day one!! NO PAYMENT UNTIL AUGUST PROPERTY DETAILS 3 br 2 ba 1254 sq ft 1995 build .52 Acre Lot Turn-key $13/month HOA DEAL BREAKDOWN Deal type: Subto $15k down + CC 6.8% interest rate $2310.81 PITI (No Pmt until August) $271k loan balance $91k HUD partial claim, no payments due $35k solar lien, in collections w no payments due $412k purchase price No prepayment penalty No balloon **Property is in an active loan modification trial plan and terms are subject to change LTR: $2490/month via RentCast STR: $3750-$4250/month via Awning MTR: $3800-$5500/month via FurnishedFinder Section 8: $2178/month via Small Area FMR ($2319 w/4th Bedroom) Co-living: $275-$325/room/week See mortgage statement in 'Documents' below Deals this clean do not last!! Step into an INSANE subto deal with low risk and multiple exits in a growing coastal market with serious demand. Perfect for investors looking to scale quickly with minimal effort. Act now - lock this up before it is GONE! First come first serve Call [contact details hidden] for more info
Price and status history
- $15,000 → $12,500−$2,500Aug 3, 2026 · 43d ago
- Sold → Available111d liveAug 1, 2026 · 45d ago
- Available → Sold110d liveAug 1, 2026 · 46d ago
Observed by our own harvest of the originating listing, not a public record.
$/sqft vs market
Median of 6 comparable listings matched on ZIP + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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