303 E Oregon Avenue , Lot 2

Description

UNIQUE OPPORTUNITY: OCEANFRONT "COMPOUND" - MP 8 - KILL DEVIL HILLS! Located on a 90-foot-wide, 24,000/sf lot, the 12 bedroom oceanfront home features expansive views of the Eastern horizon as well as views of the Northern and Southern beaches as far as the eye can see! At a ground elevation of 25 feet, visitors enjoy a birds-eye view of the surrounding area and can even see the Wright Brothers Monument! Behind the large oceanfront lot, the second property an 8 bedroom duplex on a 20,000/sf lot offers a private pool, quick & easy access to the beach and is walking distance to countless shopping and dining establishments. The oceanfront home, designed & built by the current owners, has been meticulously maintained and updated these efforts are apparent in the consistent rental performance at both properties! The spacious layout, unmatched views and central location contribute the overall desirability for vacationers and future-owners alike! With the addition of a poolside gazebo and tiki bar, the current owners believe rental income could reach $280,000 on the oceanfront alone! Currently under remodel, the duplex which offers 4 bedrooms per side will soon feature new kitchens, kitchen appliances, large tile showers in each master bath as well as various touch-ups to top deck railings, pool steps, etc. Unit A will also feature a newly-renovated bath and Unit B will feature new carpet. The anticipated revenue increase from these improvements will likely bring the annual income north of $90,000 for this multi-unit dwelling!