5050 Wrightsville Avenue
Wilmington, NC 28403
$465,000
About the property
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.
At a glance
Listing details
- Full bathrooms
- 2
- Half bathrooms
- 0
- Heated square feet
- 1,039
- Lot acres
- 0.44
- Lot dimensions
- 19166
- Stories
- 1
- Zoning
- O&I
- HOA
- No
- Waterfront
- No
- Fireplace
- No
Education
Schools
- Elementary school
- College Park
- Middle school
- Williston
- High school
- Hoggard
- School district
- New Hanover
Complete report
Property features
- City
- Wilmington
- Sub-Type
- Single Family Residence
- County
- New Hanover
- Location Type
- Mainland
- Subdivision
- Not In Subdivision
- Secondary Subdivision
- N/A
- City Limits
- Yes
- Marketing City
- Wilmington
- Year Built
- 1960
- # Baths - Total
- 2
- # Bedrooms
- 4
- # Rooms
- 5
- Master Bedroom Level
- Primary Living Area
- New Construction
- No
- Sign on Property
- Yes
- Handicap Accessible
- Accessible Approach with Ramp
- Attic
- Stairs - Pull Down
- Appliances/Equip
- Built-In Microwave; Dishwasher; Electric Range; Refrigerator
- Construction
- Block; Wood Frame
- Property Condition
- Updated/Remodeled
- Cooling
- Central Air; Heat Pump; Wall/Window Unit(s)
- Dining Room Type
- Kitchen
- Entry Level Information
- Entry Level: 1
- Exterior Finish
- Block; Brick
- Other Structures
- Guest House
- Foundation
- Crawl Space
- Terms
- Cash; Conventional; FHA; VA Loan
- Rental Information
- Lease Term: Month To Month
- Lease Term
- Month To Month
- Trash Collection
- City Pick-UP
- Unit Type
- 3 Bedroom; Studio
- Flooring
- LVT/LVP
- Fencing
- Back Yard; Wood
- Interior Features
- None
- Garage & Parking
- Attached Garage Spaces: 0; Detached Garage Spaces: 0; Total # Garage Spaces: 0; Total Carport Spaces: 0
- Heated SqFt
- 1000 - 1199
- SqFt - Heated Separate
- 384
- Heating
- Heat Pump
- Heating System Fuel Source
- Electric
- Patio and Porch Features
- Patio
- Parking Features
- Off Street
- Roof
- Architectural Shingle
- Road Type/Frontage
- Public (City/Cty/St)
- Levels
- One
- Electric Provider
- Duke Energy
- Water Heater
- Electric
- Utilities
- Sewer Available; Water Available; Water Connected
- Sewer
- Municipal Sewer
- Water Source
- Municipal Water
- Water Provider
- Cape Fear Public Utility Authority
- Sewer Provider
- Cape Fear Public Utility Authority
- Construction Type
- Stick Built
- View Type
- None
- Frontage Type
- None
- Tax Assessed Value
- $559,300
- Deed Book
- 6000
- Deed Page
- 695
- Plat Book
- 44
- PID
- R05520-009-011-000
- Tax Identifier
- R05520-009-011-000
- Plat Page
- 272
- Total Real Estate Property Taxes
- $3,291.48
- Special Assessments
- None
- Tax Year
- 2025
- Legal
- TR 1 MELBA NEVILLE DIV BLK F WINTER PARK HGTS
- Directions to Property
- From Military Cutoff Rd, turn right onto Wrightsville Ave. Property will be on the left, just before Recon Surf building.
Location
Map & location
5050 Wrightsville Avenue, Wilmington, NC 28403
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