715 Carolina Beach Avenue North
715 Carolina Beach Avenue North
$2,400,000
16
9
1
4,734
4,734
$507
Description
This is an amazing opportunity to purchase a large multifamily investment or family compound. Ideal 1031 exchange property. Immediate income with long term development potential. This package consists of the Main House 715 Carolina Beach Ave. which consists of 9 bedrooms 6 ½ bathrooms. A separate building behind which has A and B units each consisting of 2 bedrooms, 1 bathroom, kitchens and living rooms. 714 Canal Drive is a separate home with 3-bedroom, 1 bath with full kitchen, living room and...This is an amazing opportunity to purchase a large multifamily investment or family compound. Ideal 1031 exchange property. Immediate income with long term development potential. This package consists of the Main House 715 Carolina Beach Ave. which consists of 9 bedrooms 6 ½ bathrooms. A separate building behind which has A and B units each consisting of 2 bedrooms, 1 bathroom, kitchens and living rooms. 714 Canal Drive is a separate home with 3-bedroom, 1 bath with full kitchen, living room and laundry. All units have lovely porches with slights views of the ocean and waterway. 2 large lots housing 4 units total. Tons of new updates and interior is professionally designed by Smith and Gsell design studio. Beautiful tongue and grove woodwork, large covered porches and tons of space. Currently on the short-term rental market. 2023 Gross income was $112,000 which was only from May-December due to renovations and personal usage. Local vacation management company has done a rental projection of $160,000-$175,000 year. Sold fully furnished and turn key. Fabulous location across the street from the beach and within walking distance to shops and restaurants. Previous use was the Beacon House Bed and Breakfast along with 3 short term rental cottages.
- Listed by Brooke S Richardson • Coastal Properties
Property Details for 715 Carolina Beach Avenue North
Parking Features
Off Street, On Site, Shared Driveway, Unpaved
Subdivision NameOther
ZoningR-1
Parking Total.00
WaterfrontNo
Location
LISTING UPDATED: 05/17/2024 11:36 AM
Property Details for 715 Carolina Beach Avenue North
Status | Active |
---|---|
MLS # | 100445058 |
Days on Market | 18 |
Taxes | $5,489 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Quadruplex |
Year Built | 1945 |
Lot Size | 0.28 AC / 12,146 SF |
County | New Hanover County |
Location
Building Information for 715 Carolina Beach Avenue North
Stories2Residences-Year Built1945Building Size-Lot Size0.28 AC / 12,146 SF
Payment Calculator
$13,555 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 715 Carolina Beach Avenue North
Property History for 715 Carolina Beach Avenue North
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 715 Carolina Beach Avenue North
Taxable ValueLand$312,000Additions$216,700Total$528,700
Tax Record2023$3,516 ($293 / month)
Home Facts
Baths6.5Total Finished SqFt2,752 SqFtAbove Grade Finished SqFt2,752 SqFtStories2Lot Size7,405 SqFtStyleDuplexYear Built1950ZoningR-1,WB RESIDECountyNEW HANOVERAPNR08815-011-021-000Fireplace TypeHas Fireplace
Schools near 715 Carolina Beach Avenue North
This home is within New Hanover County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Carolina Beach Elementary PublicK to 5 | ||
Charles P Murray Middle Public6 to 8 | ||
Eugene Ashley High Public9 to 12 | ||
Dr John Codington Elementary PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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