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April & Cameron

aprillynnf@gmail.com +1(706) 988-8310

Listed by Keller Williams Innovate-Wilmington

$ 725,000

Est. payment | -/mo

8 Beds

4 Baths

5,227 Sqft Lot

Save

$ 725,000

Est. payment | -/mo

Save

8 Beds

4 Baths

5,227 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Subdivision Love Grove

MLS Listing ID 100545578

Bedrooms 8

HOA Y/N Yes

Year Built 2023

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Duplex

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 unit duplex package can be broken up or sold in smaller or one big package. 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

Rooms

Basement None

Interior

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

Heating Electric, Heat Pump

Cooling Central Air

Flooring LVT/LVP

Fireplace No

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

Exterior

Parking Features Concrete, Off Street, On Site, Paved

Fence Back Yard, Wood

Utilities Available Sewer Connected

Amenities Available None

Water Access Desc Public

View None

Roof Type Architectural Shingle

Porch Patio, Porch

Building

Lot Description See Remarks

Dwelling Type Wood Frame

Story 2

Entry Level Two

Foundation Slab

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Snipes

Middle Schools Williston

High Schools New Hanover

Others

Tax ID R04806-002-005-000

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

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

Special Listing Condition Standard

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(706) 988-8310

aprillynnf@gmail.com

3730 Village Way STE 160, Braselton, Georgia 30517, USA

1308 Corbett ST #A&B Wilmington, NC 28401