1405 Corbett Street A, Wilmington, NC 28401
$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:
3/01/2026
Overview
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.
Listing Details MLS# 100544737
Contract Info
- Available Date
- 2025-12-10
- Delayed Marketing?
- No
- Marketing Start Date
- 2025-12-09
- Sub-Type
- Multi Family
- Garage
- N/A
- Space
- No
- Listing Price
- 5799900
- List Price/SqFt
- 234.17
- 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
- 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
- No
BuildingExt Features
- SqFt - Heated (Primary)
- 24768
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
- Total Real Estate Property Taxes
- 3137.3
- Special Assessments
- none
- Tax Year
- 2025
- Year Built
- 2023
- Zoning
- R-3
- Cobra Zone
- No
- Plat Book
- No
- Plat Page
- No
More Information
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
Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Additional Parking
- Yes
- Concrete
- Yes
- Lighted
- Yes
- On Site
- Yes
- Paved
- Yes
- Private
- Yes
Sale/Lease Includes
- Buildings
- Yes
- Fixtures
- Yes
- Land
- Yes
- See Remarks
- Yes
Roof
- Shingle
- Yes
Cooling
- Central Air
- Yes
Location
- Residential
- Yes
Heating System Fuel Source
- Electric
- Yes
Water Heater
- Electric
- Yes
Water Source
- Municipal Water
- Yes
Sewer
- Municipal Sewer
- Yes
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: March - 01 - 2026
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