$5,799,900

1405 Corbett Street A, Wilmington, NC 28401

  • 24,768 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 2023
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $234/sqft
  • Property List Date Icon Listed 23 days ago

Property 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.

Listing Status:
Active
Listing Office:
Keller Williams Innovate-Wilmington : 910-777-2200
MLS ID:
100544737
  • A/C: Central Air
  • Heating: Electric
  • Parking: PrivateAdditional ParkingConcreteLightedOn SitePaved
  • Roofing: Shingle
  • Originating MLS: Hive MLS
  • County: New Hanover
  • Zoning: R-3Lot 2 Blk 10 Love GroveR04806-006-174-000
  • Water: Public
  • Sewer: Municipal Sewer
  • Source: Hive MLS

This listing courtesy of Keller Williams Innovate-Wilmington

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Annie H Snipes Academy of Arts & Design

2150 Chestnut St, Wilmington, NC, 28405

Grades KG-5

1.13 miles away

T

The International School at Gregory

1106 Ann St, Wilmington, NC, 28401

Grades KG-8

1.46 miles away

N

New Hanover High School

1307 Market St, Wilmington, NC, 28401

Grades 9-12

1.07 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.