Property Description

This turn-key duplex is a low-maintenance, income-producing investment with positive cash flow. Both units have been recently renovated—2024—making it a strong opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Each unit has a private entrance, and both share access to the backyard. Street parking is available. Rents total $2,295/mo ($1120 & $1,175). Tenants pay gas and electric, while the owner covers water. Owner expenses include the house meter at $20 per month and city water at approximately $90 per month, with total monthly expenses of $1878.00 (principle $225,000 loan), interest, taxes, insurance, water, and house meter). This results in positive cash flow of approximately $400 per month. Located in a convenient Wilmington neighborhood close to major routes, shopping, and city amenities, this property offers reliable rental income with minimal upkeep. The adjacent property at 1114 S. Rodney SOLD on 9/4/26 for $250,000 Licensed fee appraisal was done and appraised value is $250,000. Appraisal report is available upon request. Pictures are of 1114A S. Rodney All appointments require 24-hour notice.

Property Features

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