993 Downey Branch Lane
Wilmington, NC 28403
$279,500
About the property
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.
At a glance
Listing details
- Full bathrooms
- 3
- Half bathrooms
- 0
- Heated square feet
- 1,274
- Lot acres
- 0.02
- Lot dimensions
- irreq
- Stories
- 2
- Zoning
- MD-17
- HOA
- Yes
- Waterfront
- No
- Fireplace
- No
Education
Schools
- Elementary school
- Winter Park
- Middle school
- Williston
- High school
- Hoggard
- School district
- New Hanover
Complete report
Property features
- City
- Wilmington
- Sub-Type
- Townhouse
- County
- New Hanover
- Location Type
- Mainland
- Subdivision
- Wilshire Townhouses
- Secondary Subdivision
- N/A
- City Limits
- Yes
- Marketing City
- Wilmington
- Year Built
- 2005
- # Baths - Total
- 3
- # Bedrooms
- 3
- # Rooms
- 6
- Master Bedroom Level
- Primary Living Area
- New Construction
- No
- Sign on Property
- No
- Basement
- None
- Construction
- Wood Frame
- Cooling
- Central Air; Heat Pump
- Dining Room Type
- Combination
- Entry Level Information
- Entry Level: 1
- Exterior Finish
- Brick Veneer
- Foundation
- Slab
- Exterior Features
- None
- Terms
- Cash; Conventional; FHA; VA Loan; Commercial
- Structure Type
- Townhouse
- Unit Type
- 3 Bedroom
- Flooring
- LVT/LVP; Tile
- Fencing
- None
- Interior Features
- None
- Garage & Parking
- Attached Garage Spaces: 0; Detached Garage Spaces: 0; Total # Garage Spaces: 0; Total Carport Spaces: 0; Other - See Remarks: Asphlt
- HOA and Neigh Amenities
- Maint - Comm Areas; Management; Master Insure
- Heated SqFt
- 1200 - 1399
- Heating
- Forced Air; Heat Pump
- Heating System Fuel Source
- Electric
- Patio and Porch Features
- Patio
- Parking Features
- Off Street; On Site; Paved
- Roof
- Shingle
- Road Type/Frontage
- Paved
- Levels
- Two
- Electric Provider
- Duke Energy
- Utilities
- Sewer Available; Water Available
- Sewer
- Municipal Sewer
- Water Source
- Municipal Water
- Water Provider
- City/Town
- Sewer Provider
- City/Town
- Construction Type
- Stick Built
- View Type
- None
- Frontage Type
- None
- Tax Assessed Value
- $272,300
- Cobra Zone
- No
- Total City Real Estate Property Tax
- $861
- Deed Book
- 5950
- Deed Page
- 2162
- Plat Book
- 0
- PID
- R05514001084000
- Tax Identifier
- R05514-001-084-000
- Plat Page
- 0
- Total Real Estate Property Taxes
- $1,602.49
- Special Assessments
- paid
- Tax Year
- 2025
- Lot #
- 7G
- Legal
- LOT 7G PH 2 WILSHIRE TOWNHOMES
- Directions to Property
- From UNCW on the left off Wilshire into Wilshire Townhomes, then veer right, the unit is near the end on the left.