$515,000

Attention Investors and First Time Homebuyers! -- Assumable FHA financing at 5.99% -- Seller financing Available! Turnkey investment opportunity meets significant development upside -- welcome to 110 Carolina Ave. This fully renovated 4-bedroom, 2-bath ranch sits on a generous 1.29-acre lot in the heart of fast-growing Leland, NC, and comes with a tenant already in place. The home was comprehensively renovated in 2025 -- brand-new HVAC, electrical, plumbing, roof, flooring, kitchen, and more -- giving the next owner the confidence of modern systems with no deferred maintenance. Inside, you'll find fresh luxury vinyl plank flooring throughout, a stylish renovated kitchen featuring quartz countertops, white shaker cabinetry, bold dark subway tile backsplash, stainless steel appliances, and a matte black farmhouse sink. Both bathrooms have been fully updated with modern vanities, glass doors, and designer matte black fixtures. A spacious screened porch adds year-round outdoor living appeal. The true opportunity here is the land. The 1.29-acre lot has been preliminarily identified as capable of supporting up to 6 townhomes or 2 additional single-family residences (utilities available) -- offering a developer or investor the rare chance to generate additional density in a high-demand corridor. A retention pond at the rear of the property could potentially be cleared to create desirable water views for future development. The seller has received written communications from the Town of Leland indicating these are permitted uses, and all buyers are encouraged to verify directly with the town to confirm. Whether you're seeking a stabilized rental with value-add development potential, a builder's next project, or a long-term land hold in one of Brunswick County's most active growth markets -- this property checks every box. Don't miss it. Schedule your showing today!