Active

1308 Corbett Street #AB

Wilmington, NC 28401

$725,000 $3,056/Mo

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Overview

Bed

Bath

0.12

Acre(Lot)

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 fe atures. 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

Property Details

Property Type : Residential Income

Price : $725,000

AD Id : 71089547

MLS Id : 100545578

Beds : 8

Lot Size : 0.12 Acre

Year Built : 2023

County : New Hanover

Subdivision: Highlands

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 8

Bathroom Information

Total Baths: 4

Room Information

Basement: None
Roofing Information

Shingle
Interior Features

High Ceilings, Kitchen Island, Ceiling Fan(s), Pantry Roof: Shingle Appliances: Electric Oven, Electric Cooktop, Refrigerator, Disposal, Dishwasher, Microwave, Electric Water Heater
Heating & Cooling

Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 2023 Building Area Total: 3096 Construction Materials: Vinyl Siding Patio And Porch Features: Patio, Porch Private Pool: No View: See Remarks

Lot Information

Lot Dimensions: irr Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5009 Lot Description: See Remarks

Property Information

Subdivision: Love Grove Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 3

Listing Price Information

Listing Price: $725000 Cash, Conventional, FHA, VA Loan

Tax Information

Parcel Number: R04806-002-005-000 Tax Block: 0 Tax Year: 2025 Annual Tax: $3137.3

Parking Information

Concrete, Off Street, On Site, Paved

Homeowners Association Information
Has Association: Yes Association Amenities: None

School Information

Elementary School: Snipes

Junior High School: Williston

Senior High School: New Hanover
Utility Information

Sewer Connected
Location Information

Direction: 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 WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft
1421 -1425 Wellington A.., Wilmington, NC, 28401	$1,065,000	9	4	--
301 S 13th Street, Wilmington, NC, 28401	$300,000	3	2	--
817 S 11th Street, Wilmington, NC, 28401	$299,000	3	3	--
1501 Stanley Street #AB, Wilmington, NC, 28401	$649,900	8	4	--
1415 Corbett Street #AB, Wilmington, NC, 28401	$649,900	8	4	--
1411 Corbett Street #AB, Wilmington, NC, 28401	$649,900	8	4	--
1409 Corbett Street #AB, Wilmington, NC, 28401	$649,900	8	4	--
107 S 10th Street, Wilmington, NC, 28401	$399,900	4	3	--
710-714 Cronely Alley, Wilmington, NC, 28401	$895,000	4	4	--
623 S 6th Street, Wilmington, NC, 28401	$425,000	4	2	--

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The data relating to real estate on this website comes in part from the Internet Data Exchange program of Hive MLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor ByOwner shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright ©2026 Hive MLS LLC. All Rights Reserved.

ByOwner last updated this listing 06/16/2026 @ 03:20

MLS: 100545578 LISTED BY: The Domenico Grillo Real Estate Team, Keller Williams Innovate-Wilmington SOURCE: Hive MLS (North Carolina Regional)