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3314 Wickslow RdWilmington, NC 28412
Preserve at Pine Valley
Asset ClassMultifamily
# Units219
Year Built: 1974Year Renovated: 2023Access Data Room
Now Touring | Preserve at Pine Valley | 219 units | Proven Value-Add Opportunity in Premier Location in Wilmington

Overview

Jones Lang LaSalle, a North Carolina licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for The Preserve at Pine Valley, a 1974-vintage asset consisting of 219 units with an attractive unit mix of one-, two- and three-bedroom floorplans. This asset is well positioned in a rapidly growing submarket of Wilmington, just 5 minutes from Downtown Wilmington and close proximity to UNC Wilmington and Wrightsville Beach. The Preserve of Pine Valley offers residents a fully amenitized asset with a newly refinished pool, fitness center, tennis courts and onsite office.

 

Ownership has injected $4 million of capital into the property through enhancements to the pool, common area, interior, and exterior renovations. These improvements will allow for new ownership to immediately benefit from the work that has been done by pushing rents up to market and taking advantage of the growth of the Wilmington MSA.

 

With this asset being strategically located in between Downtown Wilmington, the Port of Wilmington and Wrightsville Beach, the Preserve at Pine Valley is well positioned for new ownership to profit from the capital injection of the current ownership and its premiere location in one of the fastest growing cities in North Carolina.

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3314 Wickslow RdWilmington, NC 28412

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Listing provided by Revere CRE