5417 Park Ave, Wilmington, NC 28403

Property Description

Excellent opportunity to own 2 income-producing units on a single parcel less than 1 mile from UNCW! Situated on a spacious 0.27-acre lot, this unique property offers a 1,419 sq ft, 3-bedroom, 2-bath main home plus a 1,109 sq ft detached 2-bedroom, 1.5-bath ADU, providing a total of 2,528 heated sq ft, making it an excellent opportunity for rental income, multigenerational living, or guests. The main home features a spacious living room leading into the expansive kitchen and dining area. The kitchen offers stainless steel appliances, abundant cabinetry, and a large center island. Privately located at the rear of the home, the primary suite includes a spacious walk-in closet and an en suite bath with dual vanities and a deep jetted tub. Two additional bedrooms and a full bath provide flexibility for family or guests. Additional features include a covered front porch and a laundry/mud room opening to a wood deck connected to the ADU. The ADU, recently renovated in 2025, features durable luxury vinyl plank flooring throughout. The lower level includes two bedrooms with tray ceilings, a full bath with dual vanities and a tiled walk-in shower, plus a laundry closet. Upstairs, the open living area features a kitchen with granite countertops, stainless steel appliances, a raised breakfast bar, and a half bath. The balcony off the main porch offers the perfect place to enjoy morning coffee. An oversized driveway and parking pad provide abundant off-street parking. Recent updates include a new roof on the main home (2023), main home HVAC (2022), ADU HVAC (2024 with Anderson Air warranty through December 2034), and water heaters in both residences (main home 2022; ADU 2024). Conveniently located less than 1 mile from UNCW and the Wilmington Municipal Golf Course, 5 miles from Wrightsville Beach, and 7 miles from downtown Wilmington, this property combines an unbeatable location with exceptional flexibility for homeowners and investors alike.