5,227 Sqft Lot
5,227 Sqft Lot
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Love Grove
MLS Listing ID 100544737
HOA Y/N No
Year Built 2023
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi Family
Property Description
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.
Location
State NC
County New Hanover
Zoning R-3
Interior
Heating Electric
Cooling Central Air
Fireplace No
Exterior
Parking Features Private, Additional Parking, Concrete, Lighted, On Site, Paved
Water Access Desc Public
Roof Type Shingle
Building
Water Public
New Construction No
Others
Tax ID R04806-006-174-000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Nearby Locations
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