Available
$12,500(ARV: $385,000)4% of ARV

New Hanover County, Wilmington, NC 28409

3 bd2 ba1,160 sfBuilt 1995

120 days ago

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

  1. $15,000 $12,500$2,500
    Aug 3, 2026 · 43d ago
  2. Sold → Available111d live
    Aug 1, 2026 · 45d ago
  3. Available → Sold110d live
    Aug 1, 2026 · 46d ago

Observed by our own harvest of the originating listing, not a public record.

$/sqft vs market

This deal$11/sqft
Market median$253/sqft
Difference96% below

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

Bedrooms3
Bathrooms2
Square feet1,160
Lot size22,651 sf
Year built1995
ConditionTurn Key
OccupancyVacant
ParkingDriveway

Systems & condition

Roof age1-3 yrs
HeatingHeat pump · 0-5 yrs
Air conditioningCentral AC
FoundationSlab
Foundation conditionExcellent

Self-reported by the seller. Not inspected.

Seller

CompanyWithheld
Disposition repWithheld
Documents on file3
Views on the source listing1,303
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