$489,000
Welcome to Channel Haven, one of Masonboro's established water-access communities just off Masonboro Loop Road - offered with a $7,500 seller credit toward rate buy down or closing costs with an acceptable offer.
This single story brick ranch sits on a corner lot of approximately 0.38 acres and offers three bedrooms and two full bathrooms across a comfortable, functional floor plan, including a bright sunroom overlooking the yard. The home has seen updates over the years while keeping the character you'd expect from this well-loved neighborhood.
Buy now, move in this fall: the property is currently tenant occupied under a lease ending November 1, 2026. Meaning a buyer today collects $2,400/month in rental income through closing and beyond, then takes occupancy at lease end, timed almost perfectly for a fall move in. Investors: the lease converts to month-to-month at term end with rents at this size and lot likely supporting an increase; lease available to qualified buyers. Showings by appointment with notice to the tenant.
Located outside city limits with no HOA, residents enjoy lower county-only taxes and fewer restrictions. Boaters and outdoor lovers will appreciate the laid back coastal setting, with the public boat ramp at Trails End Park less than a mile away and quick access to the Intracoastal Waterway, Masonboro Island, and area beaches. Homes in this pocket of Masonboro don't change hands often, and corner lots of this size, less often still.
3
Beds
⋅
2
Baths
101 N Channel Haven Dr, Wilmington
