Property 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

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