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Key Details
Sold Price $660,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,273 sqft
Price per Sqft $290
MLS Listing ID 100347377
Sold Date 11/14/22
Style Block, Concrete, Wood Frame
Bedrooms 5
Originating Board North Carolina Regional MLS
Year Built 1986
Annual Tax Amount $3,075
Lot Size 5,009 Sqft
Acres 0.12
Lot Dimensions 50X100
Property Description
Looking for a Kure Beach multi-unit/multifamily investment opportunity? Or maybe the perfect opportunity to live in one home, and rent two others? The entire property, consisting of a standalone SFR and neighboring duplex has a strong and consistent income producing track record (available upon request). The property itself grossed over $90,000+ in 2021(See attached rental history for more information). All 3 units come fully furnished and are actively being advertised to monthly winter vacation renters to ensure continued cashflow with year-round management efforts. The units were redecorated this spring along with being given new paint, flooring, furnishings, and bedding, to go along with general updating. The property is located just 1 block from the Atlantic, the Kure Beach boardwalk, and the fishing pier. The 1st unit (unit 1) is a stick-built home on pilings with its own dedicated HVAC system. It has 2 bedrooms, 1 bath, a full kitchen and a large outdoor porch and deck area complete with a private picnic table and sitting space. Unit 2 (the left duplex) is comprised of 1 bedroom and 1 bath along with an open kitchen and living room floor plan. Unit 3 (the right duplex) in comprised of 2 bedrooms (including a large master with sliding glass doors to the patio) and 1 bath. They are heated and cooled by a combination of window and wall units. Both suites share a large deck space complete with picnic tables, swings, and various sitting areas. The units share an outside shower along with the potential of a laundry room under unit 1 that could be used by utilized by future renters. Each unit comes with a dedicated off-street parking space. If you're looking for a successful and reliable investment that will keep increasing in value as time goes by, then this might be the property for you! The property is being sold fully furnished and is turnkey!
Location
State NC
County New Hanover
Community Other
Zoning RA-2
Direction Take 421 to Kure Beach, turn right on L Ave, left on 3rd Ave, house and suites on the right.
Rooms
Basement None
Interior
Interior Features Kitchen Island, Blinds/Shades, Ceiling Fan(s), Furnished, Smoke Detectors, Walk-in Shower
Heating Other-See Remarks
Cooling Wall/Window Unit(s), See Remarks
Flooring LVT/LVP
Furnishings Furnished
Appliance None
Exterior
Garage Concrete, Assigned, On Site
Utilities Available Municipal Sewer, Municipal Water
Waterfront No
Roof Type Membrane, Shingle
Porch Covered, Deck, Open
Garage No
Building
Story 1
New Construction No
Schools
Elementary Schools Carolina Beach
Middle Schools Murray
High Schools Ashley
Others
Tax ID R09213-012-014-000
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Sherri Mayes
Broker In Charge | License ID: 214350
Broker In Charge License ID: 214350