Active
715 Carolina Beach Avenue N
Carolina Beach NC, 28428
$2,400,000
$506.97 per sqft
Active
16 Beds
10 Baths
4,734 sqft
Multi-family
Built in 1945
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 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.
100445058
MLSⓇ ID
May 17, 2024
Listed
September 13, 2024
Updated
Map
715 Carolina Beach Avenue N
Carolina Beach NC, 28428
Interior Features
Total Stories
2
Bedrooms
16
Total Bathrooms
10
Interior Features
Master Downstairs, 9 Ft Ceilings, Ceiling Fan(s), Furnished, Walk-in Shower
Appliances
Washer, Stove/Oven - Electric, Refrigerator, Microwave - Built-In, Ice Maker, Dryer, Disposal, Dishwasher
Laundry Description
Inside
Floor Description
Tile, Vinyl, Wood
Fireplace
Yes
Cooling
Yes
Cooling Description
Central Air, Zoned
Heating
Yes
Heating Description
Heat Pump, Electric, Forced Air
Exterior/Building Features
Lot Size
0.28 Acres
Exterior Features
Balcony
Roof
Shingle
Sewer
Municipal Sewer
Other Property Details
Taxes
$5,489
Tax Frequency
Annually
Days on Market
39
Garage
No
Parking
Off Street, On Site, Shared Driveway, Unpaved
Parking Total
0
View
No
County
New Hanover
Water Source
Municipal Water
Pool
No
Pool Features
None
Zoning
R-1
Courtesy of Coastal Properties with Brooke S Richardson,
Listing Contact: 910-297-8414
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Data last updated 2:20 PM UTC, 9/13/2024