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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