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Sean McDonough

seansellshomesnc@gmail.com +1(910) 870-5009

$ 649,900

Est. payment | -/mo

8 Beds

4 Baths

3,096 SqFt

Save

$ 649,900

Est. payment | -/mo

Save

8 Beds

4 Baths

3,096 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,096 sqft

Price per Sqft $209

Subdivision Love Grove

MLS Listing ID 100577979

Style Wood Frame

Bedrooms 8

HOA Y/N No

Year Built 2023

Lot Size 5,009 Sqft

Acres 0.12

Lot Dimensions irr

Property Sub-Type Duplex

Source Hive MLS

Property Description

Rare opportunity! This is 1 of 8 Duplexes in downtown Wilmington next to a new home development in Love Grove for sale. The 8 individual duplex package can be broken up or sold individually or one big package. Each Duplex is listed for 649,900k with the ability to buy individually or all together. 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! If buying only 1 duplex you will have 2 units that each side has 4 bedrooms 2 full bathrooms, fenced in backyard on each side and private driveway on each side. If you get all 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. We have left some vacant and some occupied to help give a variety to all types of buyers/investors. They can be rented easily. Every lease is government backed and guaranteed through 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 PER DUPLEX is 5300 a month for one duplex or 43,200 for all 8 duplexes per MONTH. This opportunity gives you the chance to own 1-8 almost new multifamily properties in a fantastic area in one of the fastest growing cities in the country with an even better return. Easy to manage, fully occupied if wanted and like new! Reach out for a private tour or for more information

Location

State NC

County New Hanover

Community Love Grove

Zoning R-3

Direction Take the exit toward Ilm Int'l Airport from US-74 E/Martin Luther King Jr Pkwy. Follow One Tree Hill Way and Love Grove Memorial Bridge to Creekfront Dr

Location Details Mainland

Rooms

Basement None

Interior

Interior Features High Ceilings, Kitchen Island, Ceiling Fan(s), Pantry, Walk-in Shower

Heating Electric, Heat Pump

Cooling Central Air

Flooring LVT/LVP

Appliance Electric Oven, Electric Cooktop, Built-In Microwave, Refrigerator, Disposal, Dishwasher

Exterior

Parking Features Concrete, Off Street, On Site, Paved

Utilities Available Sewer Connected

Amenities Available None

View See Remarks

Roof Type Architectural Shingle

Porch Patio, Porch

Garage No

Building

Lot Description See Remarks

Entry Level Two

Foundation Slab

Water Public

Level or Stories 2

New Construction No

Schools

Elementary Schools Snipes

Middle Schools Williston

High Schools New Hanover

Others

Tax ID R04806-006-169-000

Acceptable Financing Cash, Conventional, FHA, VA Loan, 1031 Exchange, See Remarks

Listing Terms Cash, Conventional, FHA, VA Loan, 1031 Exchange, See Remarks

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors

Listed by Keller Williams Innovate-Wilmington

Nearby Locations

GET MORE INFORMATION

Sean McDonough

Broker/Owner | Lic# 321850

seansellshomesnc@gmail.com

+1(910) 870-5009

1415 Corbett ST #A&B Wilmington, NC 28401

Sean McDonough

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

1415 Corbett ST #A&B