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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1405 Corbett Street A&b , Wilmington, NC 28401
$649,900
Est. Payment: $3,349.07/mo
8 Bed
4 Bath
3096 Sqft
Status: active | Days on site: 42
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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. 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

Highlights

Listed by The Domenico Grillo Real Estate Team , 910-508-7387 Keller Williams Innovate-Wilmington , 910-777-2200. Hive MLS mls logo

Property Type

Condo/Townhome

Lot/Acreage
0.04

Year Built

2023

County

New Hanover

Neighborhood

Love Grove

School District

New Hanover

Listing ID

100576739

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:8
  • Bathrooms:4
  • Full Bathrooms:4
Appliances:Electric Oven, Electric Cooktop, Built-In Microwave, Refrigerator, Disposal, Dishwasher
Air Cond:Central Air
Fireplaces:
Floor:LVT/LVP
Other:High Ceilings,Kitchen Island,Ceiling Fan(s),Pantry,Walk-in Shower
Other:Public

Exterior Features

Lot:See Remarks,Fencing: Back Yard,Fencing: Wood
Lot Dimensions:irr
Garage Capacity:0
Zoning:R-3
Roof:Architectural Shingle
Parking Features:Concrete,Off Street,On Site,Paved
Principal Interest
$3,349
Taxes
$414

Home Price

$649,900

Loan Details

30 yrs
6.683%

Down Payment

20%
$129,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,349.07

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,349.07 $414.31 $0.00 $3,763.38
Yearly $40,188.82 $4,971.74 $0.00 $45,160.56
Total $1,205,664.66 $149,152.05 $0.00 $1,354,816.71

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Wilmington, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Hive MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-02T01:59:34.000Z

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