Property Images: 
MLS# 119593: ROI! INCOME PRODUCER!
Asking Price: 
1,299,999
Bedrooms: 
5
Subdivision: 
Geo T Stronach
Bathrooms: 
3
Unit/Lot #: 
Lot 304
3324 S Virginia Dare Trail Nags Head, NC 27959
Lot 304
Waterfront: 
Oceanside
Area: 
Nags Head

Information

More than 12%+ Return! Semi Ocean Front rental Machine. Multi family/Mixed use. Located directly across from a newly rebuilt beach access and the Nags Head pier, this location is unbeatable.

This former doctors office now houses two commercial tenants, year round. The larger of the two spaces has a kitchenette (possible break room), washer/dryer combo, three freshly painted, full sized rooms/offices with an open reception area and plenty of seating. This space is also equipped with a full bathroom. The second, smaller, commercial unit has one large space (with fridge) and separate bathroom.

Parking is adequate for its current uses but is limited. The two residential units have separate entrances on the north side of building and in the back of the unit making it possible to not disrupt the businesses of the commercial tenants. The top unit is being rented as 2 bedroom/1 bath unit offering its guests beautiful views and well appointed kitchen (with kitchen table nook) and stainless appliances. There is a King bed and a set of bunks.

The living room opens up to a slider with a private deck for that unit (known as Anchors 2). There is smart TV in the living room. The midlevel unit is the larger of two residential spaces with three bedrooms and two full baths. There is a large living room with a couch and love seat (some of the living room furniture has been updated since photos).

The eat in kitchen has been freshly painted and stainless appliances (including a wine cooler and new fridge). There are smart TV's in the King bedroom (facing the ocean) and living room. This unit has a new HVAC unit (2021) The units are rented through airbnb and get overwhelmingly positive reviews due to the incredible location, cleanliness and upkeep. The upholstery and carpets (though a small amount) are routinely cleaned and look fresh upon guest arrival.

Among guests, "Anchors" has a great reputation for being able to walk to some of the best bar/restaurants in Nags Head. Guests are able to walk out the front door and be steps to the sand or the pier. These units rent year round with 2022 having more Jan/Feb/March rentals than in years past. These low maintenance/expense units have created, not only a high gross income but also a considerable bottom line.

Using the current management platform, this entire property runs like a well oiled machine.

Area
Nags Head between hwys
Subdivision
Geo T Stronach
Unit/Lot#
Lot 304
Waterfront
Semi-Oceanfront (2nd row)
Waterfront Location
Semi-Oceanfront (2nd row)
Lot SqFt
10000
Furnishings Available
Yes
Roof
Asphalt/Fiber Shingle
Has Pool
No
Appliances
2nd Dishwasher
Dishwasher
Dryer
Microwave
Range/Oven
Refrigerator
Washer
Wine Cooler
Heating
Central
Heated Living Area SqFt
3325
Sewer/Septic
Private Septic
View Description:
Ocean
Optional Rooms
Breakfast Nook
Foyer
Taxes
$3532.88
Association Fee Included?
No - Restrictive Covenants May A
Construction
Block
Masonry
Exterior
Block
Vinyl
Garage
Detached
Parking
Parking Lot
Paved
Year Built
1970
Days On Market
37
Listing Agent
Brook Sparks
Listing Office
Coldwell Banker Seaside Realty KH

Request More Information

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

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