8 Beds
4 Baths
3,096 SqFt
8 Beds
4 Baths
3,096 SqFt
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 3,096 sqft
Price per Sqft $209
Subdivision Love Grove
MLS Listing ID 100576741
Style Wood Frame,Stick Built
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 2023
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions irr
Property Sub-Type Townhouse
Source Hive MLS
Property Description
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
Location
State NC
County New Hanover
Community Love Grove
Zoning R-3
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
Location Details Mainland
Rooms
Basement None
Primary Bedroom Level Primary Living Area
Interior
Interior Features High Ceilings, Kitchen Island, Ceiling Fan(s), Pantry, Walk-in Shower
Heating Electric, Heat Pump
Cooling Central Air
Flooring LVT/LVP
Appliance Electric Oven, Electric Cooktop, Built-In Microwave, Refrigerator, Disposal, Dishwasher
Exterior
Parking Features Concrete, Off Street, On Site, Paved
Utilities Available Sewer Connected
Amenities Available None
View See Remarks
Roof Type Architectural Shingle
Porch Patio, Porch
Garage No
Building
Lot Description See Remarks
Entry Level Two
Foundation Slab
Water Public
Level or Stories 2
New Construction No
Schools
Elementary Schools Snipes
Middle Schools Williston
High Schools New Hanover
Others
Tax ID R04806-006-173-000
Acceptable Financing Commercial, Cash, Conventional, FHA, VA Loan, See Remarks
Listing Terms Commercial, Cash, Conventional, FHA, VA Loan, See Remarks
Special Listing Condition Standard
Nearby Locations
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