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1405 Corbett Street A, Wilmington, NC 28401
New Listing
$5,799,900
Property Type:
Comm Sale or Lease
Square Footage:
24,768
Lot Size (sq. ft.):
41,818
Status:
Active
Current Price:
$5,799,900
List Date:
12/10/2025
Last Modified:
12/10/2025
Description
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.
More Information MLS# 100544737
Building/Ext Features
# of Units: 16
Fireplace Y/N: No
Lot Acres: 0.12
Lot SqFt: 41818
Lot Dimensions: Irregular
SqFt - Total Available: 3168
Location Type: Mainland
Contract Info
Available Date: 2025-12-10
Delayed Marketing?: No
Sub-Type: Multi Family
Garage: N/A
Space: No
List Price/SqFt: 234.17
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2025-12-09
Listing Price: 5799900
Current Price: $5,799,900
Location Information
Unit #: A
City Limits: Yes
Secondary Subdivision: N/A
Street #: 1405
Street Name: Corbett
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Love Grove
Geo Lat: 34.252903
Geo Lon: -77.93204
Remarks and Showing
Sign on Property: No
Directions to Property: From Hwy 17 N to Wilmington. 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
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 533100
Deed Book: 6576
Deed Page: 801
Legal: Lot 2 Blk 10 Love Grove
Broker Owner: No
PID: R04806-006-012-000
Tax Identifier: R04806-006-174-000
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 3137.3
Special Assessments: none
Tax Year: 2025
Zoning: R-3
Cobra Zone: No
Year Built: 2023
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Parking Features
Additional Parking: 1
Concrete: 1
Lighted: 1
On Site: 1
Paved: 1
Private: 1
Sale/Lease Includes
Buildings: 1
Fixtures: 1
Land: 1
See Remarks: 1
Roof
Shingle: 1
Cooling
Central Air: 1
Location
Residential: 1
Heating System Fuel Source
Electric: 1
Water Heater
Electric: 1
Water Source
Municipal Water: 1
Sewer
Municipal Sewer: 1
BuildingExt Features
SqFt - Heated (Primary): 24768
Property Features
Parking Features: Additional Parking; Concrete; Lighted; On Site; Paved; Private
Roof: Shingle
Location: Residential
Cooling: Central Air
Heating System Fuel Source: Electric
Water Heater: Electric
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: 1031 Exchange; Cash; Conventional
Listing Office:
Keller Williams Innovate-Wilmington
IDX
Last Updated: December - 10 - 2025
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