RARE opportunity to own a highly desirable multifamily property in the sought-after Beach of North Topsail! This ocean-view property features six fully equipped units, each offering 2 bedrooms, 1 bathroom, a kitchen, and a living room. All units have been renovated at various times over the past few years, with… Read More updates including kitchens, bathrooms, flooring, and more. Additionally, the metal roof and siding were replaced approximately 7-8 years ago. The property is perfect for a house hack or a versatile investment strategy--live in one unit and rent out the others, or mix short-term and long-term rentals. Currently, the property operates as both a short- and long-term rental, generating impressive returns with detailed financials available upon request. There's even more potential through value-add opportunities and tax savings via cost segregation. The property sits on over 0.3 acres, offering potential for future development on the back lot where the septic system is located. Situated on a dead-end street, it provides added privacy while still being close to downtown, restaurants, shopping, and entertainment. Best of all, public beach access is almost directly across the street! A shared laundry facility is available on-site for added convenience. Located in a federal flood zone. Drone photos and additional documentation available upon request--don't miss this incredible investment opportunity! Read Less
Courtesy of The Domenico Grillo Real Estate Team, Keller Williams Innovate-Wilmington
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multi Family
Square Ft.
3,696
Lot Size
0.29 Acres
Year Built
1997
MLS Number
100531318
30 Days Snapshot Of 28460
$550k
+10%
(avg) sold price
65
+16%
homes sold
138
+22%
(avg) days on market
Snapshot
Area Map
Additional Details
Cooling
Central Air
Exterior Features
Vinyl Siding
Foundation
Slab
Water Features
Electric
Heating
Forced Air
Home Owner's Association
HOA Amenities: See Remarks
Lot
12,632 sqft lot, Lot Description: Dead End, Lot Dimensions: 74x186x74x186, Lot Water Features: Water Access Comm, 0.29 acres
Parking
Parking/Driveway: Assigned, Shared Driveway, Paved, Off Street, 10 parking spaces
Property
5 units, 3,696 heated sqft, 3,696 total available sqft, Built in 1997, Construction: Wood Frame, Federal Flood Insurance available, Financial Info: Yes, List Price/SqFt: $452, Zoning: R-10
Roof
Metal
Sewer
Water Available
Taxes
City Tax Rate: 5043, Tax Year: 2024
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