Rare opportunity! This is 1 of 8 Duplexes in downtown Wilmington next to a new home development in Love Grove for sale. The 8 individual duplex package can be broken up or sold individually or one big package. Each Duplex is listed for 649,900k with the ability to buy… Read More 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 Read Less
Courtesy of The Domenico Grillo Real Estate Team, Keller Williams Innovate-Wilmington
Listing Snapshot
Days Online
113
Last Updated
Property Type
Duplex
Beds
8
Lot Size
0.11 Acres
Year Built
2023
MLS Number
100577978
Additional Details
Appliances & Equipment
Electric Oven, Electric Cooktop, Built-In Microwave, Refrigerator, Disposal, Dishwasher
Basement
None
Building
Built in 2023, Construction materials: Vinyl Siding, Wood Frame, Levels: Two, 2 total stories, Structure type: Wood Frame, Toal building area: 3096
Cooling
Central Air
Fence
Back Yard, Wood
Floors
LVT/LVP
Heating
Electric, Heat Pump
Home Owner's Association
Association amenities: None
Interior Features
High Ceilings, Wash/Dry Connect, Kitchen Island, Ceiling Fan(s), Pantry, Walk-in Shower
Lot
0.12 acres, 5,009 sqft, See Remarks
Parking
8 open parking spaces, Concrete, Off Street, On Site, Paved
Property
Frontage type: See Remarks, Patio and porch features: Patio, Porch, Zoning: R-3, None
Roof
Architectural Shingle
Taxes
Year: 2025
Utilities
Sewer Connected
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of . 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 Keller Williams Innovate-Wilmington 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.
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