Property Type:
Multi-Family
Bedrooms:
12
Baths:
6
Square Footage:
3,696
Lot Size (sq. ft.):
12,632
Status:
Closed
Current Price:
$1,585,000
List Date:
9/22/2025
Last Modified:
12/31/2025
Overview
Description
RARE opportunity to own a highly desirable multifamily property in the sought-after Beach of North Topsail! This ocean-view property features six fully equipped units, each offering 2 bedrooms, 1 bathroom, a kitchen, and a living room. All units have been renovated at various times over the past few years, with updates including kitchens, bathrooms, flooring, and more. Additionally, the metal roof and siding were replaced approximately 7-8 years ago. The property is perfect for a house hack or a versatile investment strategy—live in one unit and rent out the others, or mix short-term and long-term rentals. Currently, the property operates as both a short- and long-term rental, generating impressive returns with detailed financials available upon request. There's even more potential through value-add opportunities and tax savings via cost segregation. The property sits on over 0.3 acres, offering potential for future development on the back lot where the septic system is located. Situated on a dead-end street, it provides added privacy while still being close to downtown, restaurants, shopping, and entertainment. Best of all, public beach access is almost directly across the street! A shared laundry facility is available on-site for added convenience. Located in a federal flood zone. Drone photos and additional documentation available upon request—don't miss this incredible investment opportunity!
Last Updated: December - 31 - 2025
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.
