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    8229 S Old Oregon Inlet Road , Lot 54

    Nags Head, NC 27959
    • $1,674,900
    • STATUS: Pending
    • ON SITE: 55 days
    • MLS #: 113070
    Pending
    UPDATED: 110 min ago
    $1,674,900
    • 10
      BEDS
    • 0.44
      ACRES
    • 7
      BATHS
    • 2
      1/2 BATHS
    • 4,430
      SQFT
    • $378
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1999
    County:

    School Ratings & Info

    Description

    Turnkey moneymaker with 11% ROI and room for growth!!! As of March 7th, this fantastic investment property has nearly $200K Advertised Gross on the books ready to be turned over to the next lucky owner. Tons of listings proclaim the magical 10:1 ratio that most savvy investors live by when searching for their next income producing asset. With a 9% property management commission locked in and transferring to the new owner/buyer, the home has chance to hit that benchmark based on NET income, a claim very few can boast! In addition, with tons of updates recently completed including a new electric pool heater specifically added to entice even more off-season weeks, expectations are as much as 30 weeks and close to $200K are attainable. Did I mention this was all possible turnkey? With a starting point so strong, for the homeowner willing to take the next step, the earning potential for this cash cow is only limited to what you as the new owner can imagine. The three features recognized as being most important in establishing real estate value are location, location and location. Appropriately named "Serenity, at approx. 4,400 sq. ft., protected by a firmly established, well vegetated dune line, in the highly desirable, less commercialized area of South Nags Head, with both views of the Ocean and Pea Island National Wildlife refuge, this vacation home reminds of the vacations that made our beaches so famous. Secluded and private with smaller public accesses few and far between. Also, we would be remiss to leave out the Nags Head Beach renourishment project when combined with the aforementioned strong dune line, makes this investment as safe as Oceanfront properties get. Safe from storms, monster income on the books and room for growth, investments do not get any sounder than this! Some of the more outstanding features and updates include: -Renovated and Refurnished "Coastal Modern Great Room with Electric Fireplace -Renovated Kitchen with Granite Countertops & New Appliances -Brand new carpet, mattresses and electronics (FSTVs) throughout -Large Game room with pool table and cabana bath -Two new hot water heaters -Two Laundry Stations and 2 Full Sized Refrigerators and Wet bars. -Electric Pool Heater -Dining table and breakfast bar both with ocean views seating as many as 20 guests Rental Property Investment is nothing but, a numbers game. Most purchases require buyers to keep playing that game, striving for numbers to get to the desired ratios. Booked solid, with an incredible rental package in place and ready to be turned over to you, "Serenity is sure to be a 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 Sun Realty. Data last updated: 2021-04-22T23:37:38.267.
    www.sunrealtyobx.com/homes/114563502
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    8229 S Old Oregon Inlet Road , Lot 54 Nags Head, NC 27959

    • Price: $1,674,900
    • Status: Pending
    • Updated: 110 min ago
    • MLS #: 113070
    10
    Beds
    7
    Baths
    2
    ½ Baths
    0.44
    Acres
    4,430
    SQFT
    $378
    $/SQFT
    1999
    Built
    Neighborhood:
    Bodie Isl Beach
    County:
    Dare
    Area:
    S. N.H. East/Old Oregon R
    Property Description
    Turnkey moneymaker with 11% ROI and room for growth!!! As of March 7th, this fantastic investment property has nearly $200K Advertised Gross on the books ready to be turned over to the next lucky owner. Tons of listings proclaim the magical 10:1 ratio that most savvy investors live by when searching for their next income producing asset. With a 9% property management commission locked in and transferring to the new owner/buyer, the home has chance to hit that benchmark based on NET income, a claim very few can boast! In addition, with tons of updates recently completed including a new electric pool heater specifically added to entice even more off-season weeks, expectations are as much as 30 weeks and close to $200K are attainable. Did I mention this was all possible turnkey? With a starting point so strong, for the homeowner willing to take the next step, the earning potential for this cash cow is only limited to what you as the new owner can imagine. The three features recognized as being most important in establishing real estate value are location, location and location. Appropriately named "Serenity, at approx. 4,400 sq. ft., protected by a firmly established, well vegetated dune line, in the highly desirable, less commercialized area of South Nags Head, with both views of the Ocean and Pea Island National Wildlife refuge, this vacation home reminds of the vacations that made our beaches so famous. Secluded and private with smaller public accesses few and far between. Also, we would be remiss to leave out the Nags Head Beach renourishment project when combined with the aforementioned strong dune line, makes this investment as safe as Oceanfront properties get. Safe from storms, monster income on the books and room for growth, investments do not get any sounder than this! Some of the more outstanding features and updates include: -Renovated and Refurnished "Coastal Modern Great Room with Electric Fireplace -Renovated Kitchen with Granite Countertops & New Appliances -Brand new carpet, mattresses and electronics (FSTVs) throughout -Large Game room with pool table and cabana bath -Two new hot water heaters -Two Laundry Stations and 2 Full Sized Refrigerators and Wet bars. -Electric Pool Heater -Dining table and breakfast bar both with ocean views seating as many as 20 guests Rental Property Investment is nothing but, a numbers game. Most purchases require buyers to keep playing that game, striving for numbers to get to the desired ratios. Booked solid, with an incredible rental package in place and ready to be turned over to you, "Serenity is sure to be a winning investment for you and your family.
    Exterior Features

    Construction Frame Exterior Vinyl Extras Beach AccessBoardwalk To BeachCeiling Fan(S)Central VacuumHot TubJet TubOutside LightingOutside ShowerPatioSmoke Detector(S)Sun DeckInside Laundry Room Foundation Slab Lot Description Beach FrontageIrregular TerrainLevel Parking Off Street Pool FiberglassHeatedIn GroundPrivate Pool Pool YN Yes Roads Public Roof Asphalt/Fiber Shingle Style Reverse Floor PlanTraditional View Description Ocean Waterfront Location Oceanfront

    Interior Features

    Air Conditioning CentralHeat Pump Appliances 2nd Dishwasher2Nd RefrigeratorDishwasherDryerMicrowaveRange/OvenRefrigerator W/Ice MakerWasher Counter Tops Granite Floor Coverings CarpetCeramic TileVinyl Tile Furnishings Available YN Yes Heating CentralHeat Pump Interior Features 9' CeilingsAll Window TreatmentsCathedral Ceiling(S)Master Bath (Ensuite)PantryWalk in ClosetWet Bar Optional Rooms FoyerGame RoomUtility Room

    Property Features

    Association Fee YN No - Restrictive Covenants May A Bank Owned YN No Estimated Annual Fee 0 Financing Options CashConventional Full Subdivision Name Bodie Island Beach Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name Serenity Residential Type Single Family - Detached Sewer Septic Private Septic Tax Year 2020 Taxes 4980.6 Water Municipal Zoning Res

    Listing courtesy of Allan Friedman 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 Sun Realty. Data last updated: 2021-04-22T23:37:38.267.
     
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