1405 Corbett Street A

About this home

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.

Facts

Type

Multi Family

Year built

2023

Lot

0.12 acres

Community

Love Grove

County

New Hanover

MLS #

100544737

Features

About 1405 Corbett Street A

1405 Corbett Street A is a home, built in 2023 in Love Grove, Wilmington, New Hanover County, NC 28401.

7 other homes are for sale in Love Grove right now (median asking $649,900); 5 homes sold there in the last 12 months at a median of $2,100, typically in about 51 days.

It has been on the market for 287 days.

Love Grove neighborhood guideHomes for sale in WilmingtonNew Hanover County homes

Buying 1405 Corbett Street A

1. See it in person. Pick a time and we'll call to confirm — often same day. Schedule a tour
2. Talk numbers. Tell us what you'd like to offer. It's non-binding — a licensed agent calls you before anything is written. Start an offer
3. Have a home to sell first? Our guaranteed sale lets you buy with a firm plan for your current home. How it works

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