Listing Courtesy of: Brooke Richardson - Coastal Properties
910-256-8171
$2,400,000
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715 CAROLINA BEACH Avenue N Carolina Beach, NC 28428
Fourplex
Residence
Beds
Baths
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Bed/Bath
Sq. Ft.
Property Activity
Time on Site
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Days on Market
Views
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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 1/2 bathrooms. A separa...te 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.
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MLS#
100445058
Property Type
Fourplex
Year Built
1945
Price per Sq. Ft.
$506.97
Lot Size
0.28
Sewer
Municipality
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