Holly Oak Manor | 42 Units

Built in 1969, Holly Oak Manor comprises 42 units in (3) three-story buildings. Each building features a brick exterior with wood joist framing and a flat rubber roof (installed in 2020). The property includes a mix of (3) one-bedroom and (39) two-bedroom units. Tenants are responsible for electricity and hot water, while the owner provides heat, cold water, and sewer. With little to no deferred maintenance and excellent floor plans, the property offers a new owner the ability to complete renovations to the kitchens and baths and increase the rent by 20% or more. 

Holly Oak Manor presents an outstanding opportunity to acquire a highly occupied, well-maintained, true value-add, garden-style property around the Interstate 95 Corridor and within minutes of Downtown Wilmington.