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

July 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 2:05 PM UTC, 7/13/2024

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