1405 Corbett Street A, Wilmington, NC 28401 (MLS# 100399637)

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Property Description
Rare opportunity! 6 BRAND NEW 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! 6 Duplexes which breaks down to be 12, 4 bedroom 2 bath units with 1,548 Sqft per unit for a total of 18,576 sqft, 48 bedrooms, 24 bathrooms. All 6 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. Before closing all properties will be fully occupied with all brand new leases. 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. Currently total rental income a month is about 30k or 360k a year! Sec8 has already determined that each lease will have a rent increase going into year 2. This opportunity gives you the chance to own 6 brand 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 brand new! Reach out for a private tour or for more information.

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