1405 Corbett Street A,Wilmington, NC 28401
Wilmington, NC 28401
Description
Rare opportunity! 8 Duplexes in downtown Wilmington next to a new home development in Love Grove. You can really see the time and effort the developer/builder/owner put into making and creating this perfect portfolio compound of major cash flow! 8 Duplexes which breaks down to be 16, 4 bedroom 2 bath units with 1,548 Sqft per unit for a total of 24,768 sqft, 64 bedrooms, 32 bathrooms. All 8 duplexes are side by side and all in a row on the same street. Each duplex is on its own parcel. Every unit has their own driveway and fenced in backyard. There is also a storage unit in the back of every unit. Granite counter tops, stainless steel appliances water proof flooring and so many great features. Floor plans reads 1 bedroom down stairs and 3 upstairs. Floor plans and specs are attached to the mls or can be provided upon request. Each tenant has been handpicked by the owner with long history and track records. Every lease is government backed and guaranteed though Sec8 program. Each tenant had to meet criteria of no previous evictions, no felonies, strong reference from past landlords and wanted to stay at the property for many years after initial lease period. They do not have to be sec8 if not wanted. Currently total rental income a month is about 40k a month or 480k a year! This opportunity gives you the chance to own 8 almost new multifamily properties in a fantastic area in one of the fastest growing cities in the country with a even better return. Easy to manage, fully occupied and like new! Reach out for a private tour or for more information.
Details
| MLS # | 100544737 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 272 |
| Listing Provided By | Keller Williams Innovate-Wilmington | The Domenico Grillo Real Estate Team |
Features
| SQ Feet | 24,768 |
|---|---|
| Units | 16 |
| Zoning | R-3 |
| Acreage | 0.12 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air |
Exterior
| Roof | Shingle |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Private, Additional Parking, Concrete, Lighted, On Site, Paved |
Taxes
| Tax Assessed Value | 533100 |
|---|---|
| Tax Book Number | 0 |
| Tax Legal Description | Lot 2 Blk 10 Love Grove |
| Tax Year | 2025 |
Area Information
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Community Name | Love Grove |
| Listing VS Median (in Love Grove) | |
Price: $5,199,900 low | high Med: $649,900 sqft: 24,768 low | high Med: 3,096 $ / sqft: $210 low | high Med: $210 On site: 272 low | high Med: 99 | |
Market Activity 28401
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Learn More About This Property
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Community Name | Love Grove |
| Listing VS Median (in Love Grove) | |
Price: $5,199,900 low | high Med: $649,900 sqft: 24,768 low | high Med: 3,096 $ / sqft: $210 low | high Med: $210 On site: 272 low | high Med: 99 | |
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