Property Type:
Residential
Bedrooms:
12
Baths:
12
Square Footage:
3,894
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$1,850,000
List Date:
3/04/2022
Last Modified:
12/03/2024
Overview
Description
**Due to multiple offers the Seller requests final and best offers to be submitted by 5pm Thursday, March 10, 2022.**
Here is an exciting opportunity to own an impeccably maintained boutique guest Inn located downtown Carolina Beach very close to the beach, restaurants, and shopping. This charming 2-story Inn has been remodeled inside and out keeping its authentic nostalgic feel yet offering modern amenities with 12 fully furnished guest rooms and sits on a 0.16-acre lot.
Parking for one car per room is in front of the Inn with easy access to the rocking chair porch entry that include 4 large unique suites on the first floor with quaint kitchenettes and each with a private deck in the back overlooking a maintained fenced backyard.
Second floor rooms boast a long-shared hallway with attractive decor located on both sides. The rooms facing north offer an airy covered porch filled with rocking chair southern charm and all second-floor rooms are furnished with a small refrigerator and microwave.
This exceptional business and property are being sold tastefully furnished as a profitable turn-key rental business investment. With a pet friendly theme, the current owners have garnered an annual occupancy rate of 70% and a potential cap rate of 14%. Improvements include a new roof, exterior & interior painting, new central HVAC upstairs and individual energy efficient heating & cooling systems in the suites on the first floor.
This business utilizes several channel managers for their reservation bookings with 60% repeat guests as they enjoy an average 5-star review status across all channels which include booking.com, expedia, trip-advisor and their own website which uses a hotel booking platform.
Go ahead and explore for yourself and then take a tour of their website Carolina Beach Inn and come walk through the property in person!
Last Updated: December - 03 - 2024
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
