Property Images: 
MLS# 115106: Oceanfront-$280K in Rents!
Asking Price: 
2,499,000
Bedrooms: 
8
Subdivision: 
Bodie Isl Beach
Bathrooms: 
6
Unit/Lot #: 
Lot PT13&14
Half Baths: 
1
8023 S Old Oregon Inlet Road Nags Head, NC 27959
Lot PT13&14
Waterfront: 
Oceanfront
Area: 
Nags Head

Information

Sparing no expense, this spectacularly renovated, professionally decorated, turnkey 8-bedroom oceanfront in South Nags Head has over $280k in advertised rents already on the books for 2021 with room for growth!!! Tons of listings proclaim the magical 10:1 ratio that most savvy investors strive for when searching for their next money-making investment. With an attractive property management agreement locked in and transferring to the next lucky buyer, this investors dream has a chance to hit that benchmark using NET income, a claim very few can boast! Getting a late start to the rental season as every part of the renovation was meticulously completed, this rental monster was not available for rent until May 17th, missing out on popular and profitable weeks such as Easter.

In addition to the incredible updates seen throughout the photos, one not seen is a new gas pool heather, ensuring a strong fall rental season and even more income. In fact, the expected income on this fabulous home is projected north of $295K. Did we mention this was all possible turnkey? We all know the three keys to real estate…location, location, location.

Appropriately named “OBX Paradise,” this fantastic home is protected by a well-established dune, with 75' ocean frontage in the highly desirable South Nags Head. With both ocean & sound views, within walking distance of the also renovated Jennette’s Pier, one of the hottest wedding venues on the Outer Banks. Also, we’d be remiss to omit mention of the Nags Head Beach renourishment project, ensuring wide and less crowded beaches. Well protected from storms, room for income growth, investments do not get any sounder than this!

Some of the more outstanding features and highlights of the renovation include. -Granite Countertops -All new furnishings chosen by a design professional -Luxury Vinyl Tile -New mattresses, bedding & electronics -New HVAC units -Gas Pool Heater -New Windows, Doors, Bathroom Fixtures, Light fixtures, Cabinets, Appliances and Blinds throughout. (See associated docs for full list of updates) Did we mention no expense was spared in the rebirth of this money maker? Rental property investment is nothing more than a numbers game. Most purchases require buyers to keep playing that game, needing updates and upgrades just for the chance to hit the targeted ROI numbers. With $280K already on the books and $295K projected with full open calendar, with an incredible rental package in place “OBX Paradise” is sure to be winning investment for you and your family!

Area
S. N.H. East/Old Oregon R
Subdivision
Bodie Isl Beach
Unit/Lot#
Lot PT13&14
Section
NA
Waterfront
Oceanfront
Waterfront Location
Oceanfront
Lot Description
Beach Frontage
Lot SqFt
19500
Furnishings Available
Yes
Roof
Asphalt/Fiber Shingle
Possession
Subject to Tenancy
Has Pool
Yes
Pool Description
In Ground
Fiberglass
Heated
Private Pool
Foundation
Piling
Roads
Paved
Public
Appliances
Dishwasher
Dryer
Ice Machine
Microwave
Range/Oven
Refrigerator w/Ice Maker
Washer
2nd Refrigerator
Heating
Heat Pump
Heated Living Area SqFt
3840
Air Conditioning
Heat Pump
Water
Municipal
Sewer/Septic
Private Septic
View Description:
Ocean
Interior Features
9' Ceilings
Dryer Connection
Gas Connection
Gas Fireplace
Ice Maker Connection
Master Bath (Ensuite)
Pantry
Some Windows Treated
Washer Connection
Wet Bar
Extras
Beach Access
Boardwalk to Beach
Cabana
Ceiling Fan(s)
Covered Decks
Hot Tub
Jet Tub
Outside Lighting
Outside Shower
Smoke Detector(s)
Sun Deck
Dry Entry
Optional Rooms
Game Room
Pantry
Taxes
$9272.68
Association Fee Included?
No - Restrictive Covenants May A
Style
Reverse Floor Plan
Construction
Frame
Exterior
Vinyl
Garage
None
Parking
Paved
Under
Unpaved
Year Built
1998
Days On Market
23
Listing Agent
Ian Lassiter
Listing Office
Sun Realty - KDH

Request More Information

Gregory Burrus Green
Associate Broker
Toll-free: 844-341-8511

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