715 Carolina Beach Avenue , Carolina Beach, NC 28428
Carolina Beach, NC 28428
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 Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 117 |
| Listing Provided By | Coastal Properties | Brooke S Richardson |
Features
| Bed(s) | 16 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 4,734 |
| Story(s) | 2 |
| Zoning | R-1 |
| Acreage | 0.28 |
Market Activity 28428
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Learn More About This Property
| State | NC |
|---|---|
| County | New Hanover |
| City | Carolina Beach |
| Zip Code | 28428 |
| Area | New Hanover |
| Community Name | Other |
| Listing VS Median (in Other) | |
Price: $2,400,000 low | high Med: $473,498 SqFt: 4,734 low | high Med: 1,597 $ / SqFt: $507 low | high Med: $307 On Site: 117 low | high Med: 98.5 | |