119 W Bogue Blvd - Apartments FOR SALE


Atlantic Beach, NC 28512
$1,575,000 USD
252-222-3222
119 W Bogue Blvd, Atlantic Beach, NC for Sale
$1,575,000 USD
Apartments - FOR SALE
1/23
null | 5.78% Cap Rate

119 W Bogue Blvd
Atlantic Beach, NC 28512


OVERVIEW

Great investment opportunity in coveted Atlantic Beach, right off The Circle and within walking distance to the beach, restaurants & shopping. With seven (7), RECENTLY RENOVATED, beautifully decorated, FULLY FURNISHED units, this property offers the opportunity for both long-term and short-term (vacation) rentals. Includes four (4) 1 Bed/1 Bath units and three (3) 2 Bed/1 Bath units. Each unit can sleep four (4) and features a fully renovated, well-appointed kitchen (new appliances, cabinetry & granite countertops), as well as a completely updated bathroom (tiled, walk-in shower and stone countertop vanity). Potential rental clients include weekly summer vacation rentals, as well as short-term stays (traveling nurses, Coast Guard, project managers, etc.). Marketing can also focus on wedding parties, fishermen, etc., as large groups could rent multiple units. This property is available separately or can be purchased along with the property next door at 117 W. Bogue (see listing 100479421 for that two-unit property; listing 100479470 for both properties). MLS documents include a summary of the previous year's rental history and a sketch detailing each unit's layout (sketch also includes the link to each individual unit's rental listing).

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$779 USD /SF

# OF UNITS

7

PRICE/UNIT

$225,000

CAP RATE

5.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

119 West Bogue Blvd - Atlantic Beach (7) Unit

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,726 SF

ZONING

Circle C

APN/PARCEL ID

6375.16.93.1309000

ASK ABOUT THIS PROPERTY

Matt JohnsonRE/MAX Ocean PropertiesMore Info
252-222-3222

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Matt JohnsonRE/MAX Ocean PropertiesMore Info
252-222-3222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.