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MLS# 94023: 15% ROI! Over $90K in 2016!

205 E Atlantic Street Kill Devil Hills, NC 27948
Lot 3
Bedrooms: 
7
Full Baths: 
8
Type: 
House: Residential
Waterfront: 
None
Asking Price: 
599,000

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Randy Nance
Senior Associate Broker
Office: 877-684-0762
Cell: 252-202-3374

SOLID INCOME PRODUCING PROPERTY! Established and consistent, this home offers the best of both worlds to maximize income generation from this property. A classic Outer Banks home, unique in its character, is currently operated as an Inn with 6 individually rented efficiency style master suites on a nightly basis, and offers more opportunity for creating higher income potential than other homes of this size and location. A new owner can further explore untapped income potential with the Outer Banks wedding industry, with one of the most popular beach wedding sites just steps away.

Originally built on the Kill Devil Hills oceanfront in 1950 as a lifeguard boarding house, it was moved to its current location around 1975.

Meticulously restored by local craftsman in 2006 and features iconic Outer Banks statement features such as the original wood plank flooring, doors and wood shutters. All plumbing, electrical, water heaters, individual room heating and cooling units, windows, appliances, ice machine, bathrooms and roof(2014) have been updated and replaced. Six power meters keep the options open for future uses.

This property is a chameleon, many options for use including current operation as a nightly inn, boarding house, single family home, weekly rental, etc. Income at 15% ROI ytd for 2016, and stays partially booked throughout the fall, so more income to come for 2016.

Many happy guests return each year to enjoy the inviting charm of this Outer Banks classic. Large fenced in courtyard with outdoor seating, hammock, fresh garden vegetables, bikes, and grill are available for guest enjoyment.

This is an exciting opportunity with numbers that work! Website, inventory and furnishings included in sale. Great offering; unique, historic, and solid!

Area
Kill Devil Hills b/w Hwys
Subdivision
Kill Devil Bch
Unit/Lot#
Lot 3
Section
1
Lot Description
Level
Lot SqFt
7500
Furnishings Available
Yes
Roof
Asphalt/Fiber Shingle
Possession
At Closing
Has Pool
No
Foundation
Piling
Roads
Paved
Public
Appliances
Dishwasher
Dryer
Ice Machine
Microwave
Range/Oven
Refrigerator w/Ice Maker
Washer
Heating
Heat Pump
Wall
Zoned
Heated Living Area SqFt
2165
Air Conditioning
Heat Pump
Wall Units
Zoned
Water
Municipal
Sewer/Septic
Private Septic
View Description:
Ocean
Interior Features
Master Bath
Extras
Beach Access
Ceiling Fan(s)
Fenced Yard
Gazebo
Landscaped
Lawn Sprinklers
Outside Lighting
Outside Shower
Patio
Smoke Detector(s)
Storage Shed
Optional Rooms
Office
Taxes
$2788.4
Association Fee Included?
No
Style
Coastal
Construction
Frame
Exterior
Lap Siding
Parking
Parking Lot
Paved
Year Built
1950
Days On Market
58
Listing Agent
Lauren Nelson
Listing Office
Resort Realty - Duck

Data provided by Outer Banks Association of Realtors MLS. This data is intended for your personal, non-commerical use. Information is deemed reliable, but is not guaranteed. Copyright 2016 Outer Banks Association of Realtors.