993 Downey Branch Lane,Wilmington, NC 28403
Wilmington, NC 28403
Description
Income-producing investment opportunity -- freshly renovated 3-bedroom, 3-full-bath townhouse in the heart of midtown Wilmington, now leased through September 2027. With a private en suite bath for every bedroom, a genuine rarity at this price, this two-story, 1,274-square-foot home lives like a true residence, not a flat apartment box. Tucked minutes from UNCW, a short drive to Wrightsville Beach, and within easy reach of historic downtown Wilmington, and located in one of the area's most sought-after school districts. Just refreshed throughout: new paint, all-new hardware, new kitchen appliances and countertops, and updated LVP flooring. That en suite-for-every-bedroom layout delivers rare flexibility and strong rental appeal, and with a long-term tenant already in place, this one cash-flows from day one -- no lease-up risk, no vacancy gap. Ideal for an investor looking for turnkey income, or a buyer planning ahead for a future move-in once the lease ends. Enjoy assigned parking directly in front of the unit, plus an HOA that handles all exterior maintenance, including the roof, for genuinely low-maintenance ownership. The HVAC is approximately six years old. A rare combination of location, layout, and immediate income. Schedule your showing today.
Details
| MLS # | 100584660 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| HOA Dues | $3,000 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2005 |
| Days On Site | 120 |
| Listing Provided By | Aloha Wilmington Real Estate | Christian A Cardamone |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,274 |
| Story(s) | 2 |
| Zoning | MD-17 |
| Acreage | 0.02 |
| Property View | None |
Interior
| Interior Features | None |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Heat Pump |
| Fireplace Yes / No | No |
| Rooms Total | 6 |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Shingle |
| Foundation Details | Slab |
| View | None |
| Construction Materials | Brick Veneer, Wood Frame |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Off Street, On Site, Paved |
Utilities
| Utilities | Sewer Available, Water Available |
|---|
Taxes
| Tax Assessed Value | 272300 |
|---|---|
| Tax Book Number | 0 |
| Tax Legal Description | LOT 7G PH 2 WILSHIRE TOWNHOMES |
| Tax Year | 2025 |
Area Information
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28403 |
| Community Name | Wilshire Townhouses |
| School District | New Hanover |
| Elementary School | Winter Park |
| High School | Hoggard |
| Listing VS Median (in Wilshire Townhouses) | |
Price: $279,500 low | high Med: $279,700 sqft: 1,274 low | high Med: 1,267 $ / sqft: $219 low | high Med: $221 On site: 120 low | high Med: 125 | |
Market Activity 28403
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Learn More About This Property
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28403 |
| Community Name | Wilshire Townhouses |
| School District | New Hanover |
| Elementary School | Winter Park |
| High School | Hoggard |
| Listing VS Median (in Wilshire Townhouses) | |
Price: $279,500 low | high Med: $279,700 sqft: 1,274 low | high Med: 1,267 $ / sqft: $219 low | high Med: $221 On site: 120 low | high Med: 125 | |
