3324 S Virginia Dare Trail, Nags Head, NC 27959

$1,299,999
List Price
$1,299,999
MLS#
119595
Status
ACTIVE
Type
Commercial
Property Type
Multi Unit
Neighborhood
Geo T Stronach

Property Description

**ROI**! Semi Ocean Front rental Machine. More than 12%+ ROI. LOW EXPENSES! Located directly across from a newly updated beach access and the Nags Head pier, this location is unbeatable. This former doctors office now houses two commercial tenants, year round. The larger of the two spaces has a kitchenette (possible break room), washer/dryer combo, three freshly painted, full sized rooms/offices with an open reception area and plenty of seating. This space is also equipped with a full bathroom. The second, smaller, commercial unit has one large space (with fridge) and separate bathroom. Parking is adequate for its current uses but is limited. The two residential units have separate entrances on the north side of building and in the back of the unit making it possible to not disrupt the businesses of the commercial tenants. The top unit is being rented as a 1 bedroom/1 den/1 bath unit offering its guests beautiful views and well appointed kitchen (with kitchen table nook) with stainless appliances. There is a King bed and a set of bunks. The living room opens up to a slider with a private deck for that unit (known as Anchors 2). There is a smart TV in the living room. The midlevel unit is the larger of two residential spaces with three bedrooms and two full baths. There is a large living room with a couch and love seat (some of the living room furniture has been updated since photos). The eat in kitchen has been freshly painted and stainless appliances (including a wine cooler and new fridge). There are smart TV's in the King bedroom (facing the ocean) and living room. This unit has a new HVAC unit (2021) The units are rented through airbnb and get overwhelmingly positive reviews due to the incredible location, cleanliness and upkeep. The upholstery and carpets (though a small amount) are routinely cleaned and look fresh upon guest arrival. Among guests, "Anchors" has a great reputation for being able to walk to some of the best bar/restaurants in Nags Head while walking out the front door and being at the beach access or the pier. These units rent year round with 2022 having more Jan/Feb/March rentals than in years past. These low maintenance/expense units have created, not only a high Gross Rental Income but also a considerable net profit at the end of the year. Using the current management platform, this entire property runs like a well oiled machine with few disruptions or interruptions from week to week.

Additional Information

Air Conditioning
Central, Heat Pump
Construction
Frame
Floor Coverings
Vinyl, Wood
Heating
Central, Electric, Forced Air, Heat Pump
Lot Description
Level
Roof
Asphalt/Fiber Shingle
Sewer
Private Septic
View
Ocean
Well
Municipal Water
Units
1
Zip
27959
Neighborhood
Geo T Stronach
Year Built
1970
County
Dare

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Coldwell Banker Seaside Realty Kh.

Listed by Brook Sparks

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