715 Carolina Beach Avenue NCarolina Beach, NC 28428
- Residential Income
- $2,400,000
- 4,734 SQFT
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.
- Last Checked
- 1 minute ago
- Last Updated
- Jun 24, 2024
- Days on Website
- 49
Property Details for 715 Carolina Beach Avenue N
715 Carolina Beach Avenue N is a residential_income commercial space for sale in Carolina Beach, NC 28428.
Please contact Brooke S Richardson at Coastal Properties direct by phone at 910-297-8414. You may also reach Coastal Properties by phone at 910-256-8171.
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Listing Provider for 715 Carolina Beach Avenue N
Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
- Agent:
- Brooke S Richardson
- Agent Phone Number:
- 910-297-8414
- Office:
- Coastal Properties
- Office Phone Number:
- 910-256-8171
- MLS ID:
- 100445058
- Data Source:
- North Carolina Regional MLS
- Last Checked:
- 1 minute ago
- Last Updated:
- June 24, 2024 8:53 PM UTC
- Days on Site:
- 49