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993 Downey Branch, Wilmington, NC :
Property 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.

Property Info
Status: Active
Property Type: Residential
Lot Size: 0.02 Acres
Bedrooms: 3
Home Style/Type:
- Brick Veneer
- Wood Frame
Year Built: 2005
MLS Number: 100584660
Property Sub Type: Townhouse
Price: $279,500
Waterfront: No
Bathrooms: 3
Location Details
Community: Wilshire Townhouses
Road Frontage: Paved
Community Amenities:
- Maintenance Common Areas
- Management
- Master Insure
County: New Hanover
City: Wilmington
Postal Code: 28403
Property Features
Roof: Shingle
Fence: No
Interior Features: None
Exterior Features: None
Cooling System:
- Central Air
- Heat Pump
Porch/Deck: Patio
Heating:
- Heat Pump
- Electric
- Forced Ai
Floors:
- LVT/LVP
- Tile
Water/Sewer:
- Municipal Sewer
- City/Town
MLS Addon
Office Name: Aloha Wilmington Real Estate
993 Downey Branch, Wilmington, NC
$279,500
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