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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1603 Lake Park Boulevard S , Carolina Beach, NC 28428
$1,375,000
Est. Payment: $3,055.56/mo
4 Bed
4 Bath
2042 Sqft
Status: Active | Days on site: 318
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House Description

The Harris Group is excited to present this fully remodeled and furnished turn-key 4-Unit Ocean-Access Quadplex located on the Texas Ave beach access in Carolina Beach. Located adjacent to the CB/KB pipeline, ''Surf Station'' is built on one of the most popular beach access surfing locations on the island. This opportunity is perfect for a 1031 exchange, investor looking to capture Bonus Depreciation via Cost Seg study, or anyone looking for a fully functioning turn-key AirBNB or Mid/Long term rental multifamily property. No HOA, Not in a flood zone despite being just 27 steps from the beach, potential value-add opportunity in that zoning permits ability to build UP, and property is constructed with cinderblock firewall between units which could potentially allow for units to be broken into individually condos. Currently lined for 8 parking spots, has room for 9 spaces. Built in 1955, this former longterm/midterm multifamily rental had never flooded prior to the No Name storm of September 24, but did get water intrusion during that historic storm, and has been fully renovated with new subfloor, LVP, trim, drywall and paint, kitchens, bathrooms, vanities, water heater. In addition, owners also completed new roof, facia, soffit, furniture and staging, AC enclosures, back deck and walkways to beach, and is currently turnkey and ready to rent.

Highlights

Listed by Abby D Harris , 803-319-1988 and Clinton Harris , 910-515-1785 Nest Realty , 910-550-2788.

Property Type

Multi-Family

Lot/Acreage
0.11

Year Built

1955

County

New Hanover

Neighborhood

Wilmington Beach

Listing ID

100534749

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:4
  • Full Bathrooms:
Appliances:Vented Exhaust Fan, Electric Cooktop, Built-In Microwave, Built-In Electric Oven, Refrigerator, Dishwasher
Floor:LVT/LVP
Other:
  • Additional:Wash/Dry Connect, Ceiling Fan(s), Furnished, Blinds/Shades
Water:Public

Exterior Features

Lot:Corner Lot,Ocean Side,Fencing: Partial
Lot Dimensions:100x50100x50
Garage Capacity:0
Zoning:MF
Roof:Architectural Shingle
Others:
  • Additional:Storm Doors
Parking Features:Shared Driveway,Lighted,On Site,Paved
Principal Interest
$3,056
Taxes
$877

Home Price

$1,375,000

Loan Details

30 yrs
%

Down Payment

20%
$275,000
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Monthly Price:
$3,055.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,055.56 $876.56 $0.00 $3,932.12
Yearly $36,666.67 $10,518.75 $0.00 $47,185.42
Total $1,100,000.00 $315,562.50 $0.00 $1,415,562.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Carolina Beach, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.