Active · Wilmington
5050 Wrightsville Avenue
Wilmington, NC 28403
$475,000
$334 per sq ft- Bedrooms
- 4
- Bathrooms
- 2
- Square feet
- 1,423
- Year built
- 1960
Listing provided courtesy of Cadence Realty Corporation MLS# 100603899
A closer look
About this property
*SELLER IS OFFERING $10K CREDIT*
INVESTMENT OPPORTUNITY WITH DETACHED INCOME-PRODUCING ADU! 5050 Wrightsville Avenue offers a unique opportunity, with O&I zoning for home or business, 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, or as a place for your business, 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.
Interior features
- SqFt
- 1,423
- Bedrooms
- 4
- Full bathrooms
- 2
- Half bathrooms
- 0
- Interior
- None
- Appliances
- Built-In Microwave, Refrigerator, Dishwasher, Electric Range
- Flooring
- LVT/LVP
- Heating
- Heat Pump, Electric
- Cooling
- Central Air, Wall/Window Unit(s), Heat Pump
- Levels
- One
- Accessibility features
- Accessible Approach with Ramp
Exterior & grounds
- Lot size (acres)
- 0.44
- Lot dimensions
- 19166
- Foundation
- Crawl Space
- Views
- See Remarks
- Construction
- Block, Brick, Wood Frame
- Roof
- Architectural Shingle
- Parking
- Off Street
- Patio & porch
- Patio
- Fencing
- Back Yard, Wood
- Waterfront
- No
Community & association
- Community
- Not In Subdivision
- Homeowners association
- No
Utilities
- Utilities
- Sewer Available, Water Available, Water Connected
- Water source
- Public
Schools
- Elementary school
- College Park
- Middle school
- Williston
- High school
- Hoggard
School assignments should be independently verified with the school district.
Property information
- Property type
- Residential
- Property subtype
- Single Family Residence
- Year built
- 1960
- New construction
- No
- MLS#
- 100603899
- County
- New Hanover
- Zoning
- O&I