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715 Carolina Beach Avenue N, Carolina Beach, NC 28428

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For Sale

$2,400,000

16 beds • 4,734 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $506.97
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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 ½ 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.
MLS# 100445058

Courtesy Of Coastal Properties

(910) 256-8171

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch, Patio
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Ice Maker, Microwave, Oven, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Central A/C, Zoned A/C
  • Exterior Type
    Vinyl Siding, Wood Siding
  • Floor Covering
    Tile, Vinyl, Wood
  • Heating Fuel
    Electric
  • Heating System
    Forced Air, Heat Pump
  • Lot Size
    0.28 Acres
  • Roof Type
    Composition Shingle
  • Rooms
    Bedroom

Map and Directions

Directions to 715 Carolina Beach Avenue N, Carolina Beach, NC 28428

Home seller CENTURY 21 Vanguard

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CENTURY 21 Vanguard

(910) 769-1465
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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