Property Type:
Comm Sale or Lease
Square Footage:
4,040
Lot Size (sq. ft.):
0
Status:
Closed
Current Price:
$1,600,000
List Date:
9/26/2020
Last Modified:
6/17/2021
Overview
Description
Beach Cottages and apartments, solid income, New Roofs, Apartments completely brand new inside, new vinyl siding on the cottages. Large cottage average 2400 a month, small cottage 1700 a month x 3, apartments 1200 a month x 5.
Current Expenses
Internet: $938.84
TV: $1,880.79
Power:$11,596.88
Water Sewer: $6,993.35
Taxes: $2,846.99+$2,250.03= $5097.02
Insurance$9984.00
Based off full time rental potential gross income is 162k a year, with vacation rental income can greatly increase. But with a fair 25% expense ratio You will have 7.5 cap rate
B1 Zoning
Banks/loan/finance company; bus terminal (S); place of worship;
eating/drinking establishment; service station (S); food store; hotel/motel;
parking lot (S); professional office; barber/beauty/personal service shop;
public building/facility; retail store; arcade (S); theatre (S); dance hall; home
occupation; Dwelling constructed in conjunction w/ permitted uses above- if
integral part of main building (S); real estate; Accessory uses clearly incidental
to permitted use that doesn't create nuisance or hazard
Last Updated: June - 17 - 2021
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.
