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3324 S Virginia Dare Trail , Lot 304

Nags Head, NC 27959
  • $1,299,999
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 119593
UPDATED: 228 min ago
$1,299,999
  • 5
    BEDS
  • 0.23
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 3,325
    SQFT
  • $391
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Description

More than 12%+ Return! Semi Ocean Front rental Machine. Multi family/Mixed use. Located directly across from a newly rebuilt 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 2 bedroom/1 bath unit offering its guests beautiful views and well appointed kitchen (with kitchen table nook) and 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 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. Guests are able to walk out the front door and be steps to the sand 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 income but also a considerable bottom line. Using the current management platform, this entire property runs like a well oiled machine.

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© 2022 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trisha Midgett - Midgett Realty. Data last updated: 2022-08-07T23:37:51.14.
www.trishamidgett.com/homes/130613102
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3324 S Virginia Dare Trail , Lot 304 Nags Head, NC 27959

  • Price: $1,299,999
  • Status: Active
  • On Site: 32 Days
  • Updated: 228 min ago
  • MLS #: 119593
5
Beds
3
Baths
0
½ Baths
0.23
Acres
3,325
SQFT
$391
$/SQFT
1970
Built
Neighborhood:
Geo T Stronach
County:
Dare
Area:
Nags Head between hwys
Property Description
More than 12%+ Return! Semi Ocean Front rental Machine. Multi family/Mixed use. Located directly across from a newly rebuilt 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 2 bedroom/1 bath unit offering its guests beautiful views and well appointed kitchen (with kitchen table nook) and 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 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. Guests are able to walk out the front door and be steps to the sand 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 income but also a considerable bottom line. Using the current management platform, this entire property runs like a well oiled machine.
Exterior Features

Construction BlockMasonry Exterior BlockVinyl Garage Detached Parking Parking LotPaved Pool YN No Roof Asphalt/Fiber Shingle View Description Ocean Waterfront Location Semi-Oceanfront (2Nd Row)

Interior Features

Appliances 2nd DishwasherDishwasherDryerMicrowaveRange/OvenRefrigeratorWasherWine Cooler Floor Coverings CarpetHardwoodVinyl Furnishings Available YN Yes Heating Central Optional Rooms Breakfast NookFoyer

Property Features

Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Estimated Annual Fee 0 Lease Terms VariableWeekly Potential Short Sale No Primary Residence YN No Residential Type Multi-Family 2-4 Units Sewer Septic Private Septic Tax Year 2021 Taxes 3532.88 Zoning Mixed Use

Listing courtesy of Brook Sparks of Coldwell Banker Seaside Realty Kh: 252-261-3800.


© 2022 Outer Banks Association of Realtors MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trisha Midgett - Midgett Realty. Data last updated: 2022-08-07T23:37:51.14.
 
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Trisha Midgett - Midgett Realty
PO Box 114
Rodanthe NC, 27968
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