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    8023 S Old Oregon Inlet Road , Lot Pt13&14

    Nags Head, NC 27959
    • $2,499,000
    • STATUS: Active
    • ON SITE: 15 days
    • MLS #: 115106
    UPDATED: 43 min ago
    $2,499,000
    • 8
      BEDS
    • 0.45
      ACRES
    • 6
      BATHS
    • 1
      1/2 BATHS
    • 3,840
      SQFT
    • $651
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1998
    County:

    School Ratings & Info

    Description

    Sparing no expense, this spectacularly renovated, professionally decorated, turnkey 8-bedroom oceanfront in South Nags Head has over $276k in advertised rents already on the books for 2021 with room for growth!!! Tons of listings proclaim the magical 10:1 ratio that most savvy investors strive for when searching for their next money-making investment. With an attractive property management agreement locked in and transferring to the next lucky buyer, this investors dream has a chance to hit that benchmark using NET income, a claim very few can boast! Getting a late start to the rental season as every part of the renovation was meticulously completed, this rental monster was not available for rent until May 17th, missing out on popular and profitable weeks such as Easter. In addition to the incredible updates seen throughout the photos, one not seen is a new gas pool heather, ensuring a strong fall rental season and even more income. In fact, the expected income on this fabulous home is projected north of $295K. Did we mention this was all possible turnkey? We all know the three keys to real estatelocation, location, location. Appropriately named "OBX Paradise, this fantastic home is protected by a well-established dune, with 75' ocean frontage in the highly desirable South Nags Head. With both ocean & sound views, within walking distance of the also renovated Jennettes Pier, one of the hottest wedding venues on the Outer Banks. Also, wed be remiss to omit mention of the Nags Head Beach renourishment project, ensuring wide and less crowded beaches. Well protected from storms, room for income growth, investments do not get any sounder than this! Some of the more outstanding features and highlights of the renovation include. -Granite Countertops -All new furnishings chosen by a design professional -Luxury Vinyl Tile -New mattresses, bedding & electronics -New HVAC units -Gas Pool Heater -New Windows, Doors, Bathroom Fixtures, Light fixtures, Cabinets, Appliances and Blinds throughout. (See associated docs for full list of updates) Did we mention no expense was spared in the rebirth of this money maker? Rental property investment is nothing more than a numbers game. Most purchases require buyers to keep playing that game, needing updates and upgrades just for the chance to hit the targeted ROI numbers. With $276K already on the books and $295K projected with full open calendar, with an incredible rental package in place "OBX Paradise is sure to be winning investment for you and your family!

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    © 2021 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: 2021-07-23T17:37:39.15.
    www.trishamidgett.com/homes/119054194
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    8023 S Old Oregon Inlet Road , Lot Pt13&14 Nags Head, NC 27959

    • Price: $2,499,000
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 115106
    8
    Beds
    6
    Baths
    1
    ½ Baths
    0.45
    Acres
    3,840
    SQFT
    $651
    $/SQFT
    1998
    Built
    Neighborhood:
    Bodie Isl Beach
    County:
    Dare
    Area:
    S. N.H. East/Old Oregon R
    Property Description
    Sparing no expense, this spectacularly renovated, professionally decorated, turnkey 8-bedroom oceanfront in South Nags Head has over $276k in advertised rents already on the books for 2021 with room for growth!!! Tons of listings proclaim the magical 10:1 ratio that most savvy investors strive for when searching for their next money-making investment. With an attractive property management agreement locked in and transferring to the next lucky buyer, this investors dream has a chance to hit that benchmark using NET income, a claim very few can boast! Getting a late start to the rental season as every part of the renovation was meticulously completed, this rental monster was not available for rent until May 17th, missing out on popular and profitable weeks such as Easter. In addition to the incredible updates seen throughout the photos, one not seen is a new gas pool heather, ensuring a strong fall rental season and even more income. In fact, the expected income on this fabulous home is projected north of $295K. Did we mention this was all possible turnkey? We all know the three keys to real estatelocation, location, location. Appropriately named "OBX Paradise, this fantastic home is protected by a well-established dune, with 75' ocean frontage in the highly desirable South Nags Head. With both ocean & sound views, within walking distance of the also renovated Jennettes Pier, one of the hottest wedding venues on the Outer Banks. Also, wed be remiss to omit mention of the Nags Head Beach renourishment project, ensuring wide and less crowded beaches. Well protected from storms, room for income growth, investments do not get any sounder than this! Some of the more outstanding features and highlights of the renovation include. -Granite Countertops -All new furnishings chosen by a design professional -Luxury Vinyl Tile -New mattresses, bedding & electronics -New HVAC units -Gas Pool Heater -New Windows, Doors, Bathroom Fixtures, Light fixtures, Cabinets, Appliances and Blinds throughout. (See associated docs for full list of updates) Did we mention no expense was spared in the rebirth of this money maker? Rental property investment is nothing more than a numbers game. Most purchases require buyers to keep playing that game, needing updates and upgrades just for the chance to hit the targeted ROI numbers. With $276K already on the books and $295K projected with full open calendar, with an incredible rental package in place "OBX Paradise is sure to be winning investment for you and your family!
    Exterior Features

    Construction Frame Exterior Vinyl Extras Beach AccessBoardwalk To BeachCabanaCeiling Fan(S)Covered DecksHot TubJet TubOutside LightingOutside ShowerSmoke Detector(S)Sun DeckDry Entry Foundation Piling Garage None Lot Description Beach Frontage Lot Size Dimensions 19500 Parking PavedUnderUnpaved Pool FiberglassHeatedIn GroundPrivate Pool Pool YN Yes Roads PavedPublic Roof Asphalt/Fiber Shingle Street Frontage 21 Style Reverse Floor Plan View Description Ocean Water Frontage 75 Waterfront Location Oceanfront

    Interior Features

    Air Conditioning Heat Pump Appliances 2nd RefrigeratorDishwasherDryerIce MachineMicrowaveRange/OvenRefrigerator W/Ice MakerWasher Counter Tops Granite Floor Coverings TileVinyl Tile Furnishings Available YN Yes Heating Heat Pump Interior Features 9' CeilingsDryer ConnectionGas ConnectionGas FireplaceIce Maker ConnectionMaster Bath (Ensuite)PantrySome Windows TreatedWasher ConnectionWet Bar Optional Rooms Game RoomPantry Unit Level Number 3

    Property Features

    Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Estimated Annual Fee 0 Financing Options CashConventionalJumbo Loan Flood Zone Ao Full Subdivision Name Bodie Island Beach Lease Terms Weekly Possession Subject To Tenancy Potential Short Sale No Primary Residence YN No Rental Cottage Name Obx Paradise Residential Type Single Family - Detached Sewer Septic Private Septic Tax Year 2020 Taxes 9272.68 Water Municipal Zoning Res

    Listing courtesy of Ian Lassiter of Sun Realty - Kdh.


    © 2021 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: 2021-07-23T17:37:39.15.
     
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    Trisha Midgett - Midgett Realty
    PO Box 114
    Rodanthe NC, 27968
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