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

1405 Corbett Street A, Wilmington, NC 28401

$5,200,000

Property Type: Comm Sale or Lease Square Footage: 18,576 Lot Size (sq. ft.): 70,132 Status: Closed

Current Price: $5,200,000 List Date: 10/12/2023 Last Modified: 4/12/2024

Overview

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 tra ... (Read more)

Listing Details MLS# 100399637

Contract Info

Available Date: 2023-08-12
Delayed Marketing?: No
Marketing Start Date: 2023-08-12
Garage: N/A
Auction: No
Listing Price: 4194000
List Price/SqFt: 225.78
Stipulation of Sale: Standard

Location Information

Street #: 1405
Street Name: Corbett
Street Suffix: Street
Unit #: A
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Love Grove
Secondary Subdivision: N/A

Remarks and Showing

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
Sign on Property: No

Building Info

New Construction: Yes
Presale: No
Est. Complete Date: 2023-08-14

BuildingExt Features

SqFt - Heated (Primary): 18576

Legal and Taxes

Tax Assessed Value: 129700
Deed Book: 6576
Deed Page: 801
Legal: Lot 2 Blk 10 Love Grove
Broker Owner: No
PID: R04806-006-012-000
Tax Identifier: R04806-006-012-000
Total Real Estate Property Taxes: 1102.45
Special Assessments: none
Tax Year: 2022
Year Built: 2023
Zoning: R-3
Cobra Zone: No

More Information

Status Change Info

Under Contract Date: 2023-12-21
Sold Date: 2024-04-12
Is Construction Complete?: Yes

Property Features

Heating System Fuel Source: Electric

IDX

Listing Office: Keller Williams Innovate-Wilmington

Last Updated: April - 12 - 2024

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