$2,400,000 $12,520 est/mo Sourced by Back At You

715 Carolina Beach Avenue,Carolina Beach, NC 28428

Carolina Beach NC, 28428

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Description

This is an amazing opportunity to purchase a large multifamily investment or family compound. Ideal 1031 exchange property. Immediate income with long term development potential. This package consists of the Main House 715 Carolina Beach Ave. which consists of 9 bedrooms 6 ½ bathrooms. A separate building behind which has A and B units each consisting of 2 bedrooms, 1 bathroom, kitchens and living rooms. 714 Canal Drive is a separate home with 3-bedroom, 1 bath with full kitchen, living room and laundry. All units have lovely porches with slights views of the ocean and waterway. 2 large lots housing 4 units total. Tons of new updates and interior is professionally designed by Smith and Gsell design studio. Beautiful tongue and grove woodwork, large covered porches and tons of space. Currently on the short-term rental market. 2023 Gross income was $112,000 which was only from May-December due to renovations and personal usage. Local vacation management company has done a rental projection of $160,000-$175,000 year. Sold fully furnished and turn key. Fabulous location across the street from the beach and within walking distance to shops and restaurants. Previous use was the Beacon House Bed and Breakfast along with 3 short term rental cottages.

Details

MLS#100445058
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1945
Days On Site60
Listing Provided ByCoastal Properties | Brooke S Richardson
Buying Commision2.25%

Features

Bed(s)16
Bath(s)10
N/A4,734
Story(s)2
ZoningR-1
Acreage0.28

Market Activity 28428

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Learn More About This Property

StateNC
CountyNew Hanover
CityCarolina Beach
Zip Code28428
AreaNew Hanover
Community NameOther
Listing VS Median (in Other)
Price:
$2,400,000
low | high
Med:
$310,000
100% of Average
SqFt:
4,734
low | high
Med:
1,825
100% of Average
$ / SqFt:
$507
low | high
Med:
$174
100% of Average
On Site:
60
low | high
Med:
47
100% of Average
Sourced by Back At You
Listing Updated: July 1, 2024 at 4:00:31 PM PDT