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3 Beds
3 Baths
1,274 sqft

$279,500

993 Downey Branch Lane, Wilmington NC, 28403

Price per sqft$219.39
Built in2005
Property size1,274 sqft
Property typeTownhomes

Overview

Active

Listed Jun 26, 2026

Updated 2 days ago

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.

$1,860/mo

Est. mortgage payment based on a $279,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
100584660

Interior Features

Bedrooms
3
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.02 Acres

Other Property Details

Taxes
$1,602
Tax Frequency
Annually
Association Fee Frequency
Yearly

Courtesy of Aloha Wilmington Real Estate with Christian A Cardamone,
Listing Contact: 910-262-3399 

 

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Data last updated 6:28 AM UTC, 10/7/2026

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