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1405 Corbett Street A&B

Wilmington, NC 28401

$649,900

$210 per Sq.Ft.

  • Active
  • 8 beds
  • 4 baths
  • 3096 Sq. Ft.
  • Residential
  • Built in 2023
  • MLS #100576739
8 beds
4 baths
3096 Sq. Ft.
Residential
Built in 2023
MLS #100576739
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. Each Duplex is listed for 650k with the ability to buy individually or all together. 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! If buying only 1 duplex you will have 2 units that each side has 4 bedrooms 2 full bathrooms, fenced in backyard on each side and private driveway on each side. If you get all 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. We have left some vacant and some occupied to help give a variety to all types of buyers/investors. They can be rented easily. Every lease is government backed and guaranteed through 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 PER DUPLEX is 5300 a month for one duplex or 43,200 for all 8 duplexes per MONTH. This opportunity gives you the chance to own 1-8 almost new multifamily properties in a fantastic area in one of the fastest growing cities in the country with an even better return. Easy to manage, fully occupied if wanted and like new! Reach out for a private tour or for more information

Interior Features

Total bedrooms
8 bedrooms
Full bathrooms
4 full bathrooms
Half bathrooms
0 half bathrooms
Kitchen appliances
Electric oven, electric cooktop, built-in microwave, refrigerator, disposal, dishwasher
Interior features
High ceilings, kitchen island, ceiling fan(s), pantry, walk-in shower
Flooring
Lvt/lvp
Cooling
Central air
Heating
Electric, heat pump

Exterior Features

Lot size
0.12 acres
Lot features
See remarks
Water front
No
Fencing
Back yard, wood
Exterior features
Vinyl siding
Roof
Architectural shingle

HOA Information

HOA
No
HOA amenities
No amenities

Utilities

Utilities
Sewer connected

Schools

Elementary school
Snipes
Middle school
Williston
High school
New Hanover

Other Information

Tax assessed value
$533,100.00
Tax amount
$3,137.30
Tax year
2025
Zoning
R-3

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Listing provided courtesy of: Keller Williams Innovate-Wilmington. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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About Wilmington

Located on the Southeastern tip of North Carolina and home to more than 100,000 residents, Wilmington is located between the Atlantic Ocean and the Cape Fear River. Wilmington is a charming and contemporary small city with abundant lifestyle options and a thriving business climate.

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Market trends

There were 451 new listings in Wilmington last month. The average time on market was 54 days and the average price of new new listings was $601,184. Over the last three months, the average sale price to list price ratio was 96.37%.

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