INVESTMENT OPPORTUNITY WITH DETACHED INCOME-PRODUCING ADU! 5050 Wrightsville Avenue offers a unique opportunity 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,… Read More 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, 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. Read Less
Courtesy of Timothy M Hearne, Cadence Realty Corporation
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residence
Beds
4
Full Baths
2
Square Ft.
1,441
Lot Size
0.44 Acres
Year Built
1960
MLS Number
100603899
Additional Details
Property Access
Road frontage type: City Street, State Road
Accessibility Features
Features: Accessible Approach with Ramp
Appliances & Equipment
Built-In Microwave, Refrigerator, Dishwasher, Electric Range
Building
Built in 1960, Construction materials: Block, Brick, Wood Frame, Levels: One, Living area units: Square Feet, 1 total story, Structure type: Wood Frame, Stick Built, Other structures: Guest House, Toal building area: 1053
Cooling
Central Air, Wall/Window Unit(s), Heat Pump
Fence
Back Yard, Wood
Floors
LVT/LVP
Heating
Heat Pump, Electric
Interior Features
None
Lot
0.44 acres, 19,166 sqft
Parking
Off Street
Property
Frontage type: See Remarks, Patio and porch features: Patio, Zoning: O&I, See Remarks
Roof
Architectural Shingle
Taxes
Year: 2025
Utilities
Sewer Available, Water Available, Water Connected
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of . All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Cadence Realty Corporation shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.
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