101 Dresser Lane, Leland, NC 28451
$5,250,000
Property Type:
Comm Sale or Lease
Square Footage:
29,222
Lot Size (sq. ft.):
85,378
Status:
Active
Current Price:
$5,250,000
List Date:
3/26/2026
Last Modified:
3/31/2026
Description
Rare opportunity to acquire a fully leased well-located 20-townhome complex investment property in the rapidly growing Leland submarket, just minutes from Wilmington. This asset offers stable in-place income with significant upside potential in one of the fastest-growing coastal regions in the Southeast.
The property consists of twenty 3 bedroom, 2 full bath individually parceled residential units with strong occupancy history and consistent rental demand driven by population growth, employment expansion, and continued migration to the coastal Carolina region. Leland has experienced substantial residential and commercial growth in recent years due to its proximity to Wilmington, access to major transportation corridors including US-17 and I-140, and its appeal as a more affordable alternative to nearby coastal markets. Brunswick County continues to see above-average population growth, supporting strong fundamentals for multifamily housing.
The offering presents an attractive opportunity for private investors, owner-operators, and 1031 exchange buyers.
With replacement costs continuing to rise and limited new supply in the immediate submarket, existing multifamily assets such as this property remain highly desirable among investors seeking long-term holds in high-growth coastal markets.
More Information MLS# 100562810
Building/Ext Features
# of Parking Spaces: 45
# of Units: 20
Fireplace Y/N: No
Lot Acres: 1.96
Lot SqFt: 85378
Lot Dimensions: irregular
Location Type: Mainland
Contract Info
Available Date: 2026-03-26
Delayed Marketing?: No
Sub-Type: Multi Family
Garage: N/A
Sale/Lease: Sale
List Price/SqFt: 179.66
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2026-03-26
Listing Price: 5250000
Current Price: $5,250,000
Location Information
City Limits: Yes
Marketing City: Leland
Street #: 101
Street Name: Dresser
Street Suffix: Lane
County: Brunswick
State/Province: NC
Zip Code: 28451
Subdivision: Woodburn Townhomes
Geo Lat: 34.239259
Geo Lon: -78.007119
Remarks and Showing
Sign on Property: No
Directions to Property: From Wilmington, take Hwy 17 to US 76, exit right onto NC133 and stay in the right two lanes, continue onto Village Road, turn right onto Dresser Lane, take first left into parking lot.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 3926930
Deed Book: unk
Deed Page: 0
Legal: Multi
Broker Owner: No
PID: multi
Tax Identifier: 038af014
Plat Book: unk
Plat Page: unk
Total Real Estate Property Taxes: 1319.41
Special Assessments: none
Tax Year: 2025
Zoning: Le-T-4O
Cobra Zone: No
Year Built: 2018
Exterior Finish
Vinyl Siding: 1
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Foundation
Slab: 1
Flooring
Carpet: 1
LVT/LVP: 1
Parking Features
On Site: 1
Sale/Lease Includes
Buildings: 1
Land: 1
Heating System Fuel Source
Electric: 1
Financial Info
Financial Info: Yes
Gross Income: 391140
Real Estate Taxes: 28000
Insurance Expense: 15400
Common Area Maint: 14100
BuildingExt Features
SqFt - Heated (Primary): 29222
Property Features
Exterior Finish: Vinyl Siding
Flooring: Carpet; LVT/LVP
Foundation: Slab
Parking Features: On Site
Heating System Fuel Source: Electric
Terms: 1031 Exchange; Cash; Conventional
Listing Office:
Town & Country Real Estate
IDX
Last Updated: March - 31 - 2026
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