1715 Carolina Beach Ave N - Apartments FOR SALE


Carolina Beach, NC 28428
$945,000 USD
910-352-2274
1715 Carolina Beach Ave N, Carolina Beach, NC for Sale
$945,000 USD
Apartments - FOR SALE
1/42
null | 5.48% Cap Rate

1715 Carolina Beach Ave N
Carolina Beach, NC 28428


HIGHLIGHTS

  • Second row from the oceanfront.
  • Potential for immediate income.
  • Spacious lot for future space enhancements.

OVERVIEW

Prime multifamily investment opportunity just steps from the beach and near the Carolina Beach North End Pier. Zoned duplex but currently configured as three separate units, this income producing property offers exceptional rental flexibility and strong short term or long term potential. The property features ocean views and coastal breezes along with significant updates including a fortified roof installed in 2021, professionally renovated bathrooms, fresh interior paint, and new appliances. The top floor unit is fully furnished with a new HVAC system. The first floor HVAC has also been recently replaced, providing dependable year round comfort. Each unit offers privacy and dedicated space, with ample on site parking to accommodate tenants and guests. The oversized lot provides room to add a pool, creating additional value and increased rental appeal. Located close to the North End Pier, a destination for fishing, live music, and seasonal events, this property combines location, flexibility, and modern improvements. Ideal for investors seeking multiple income streams in one of North Carolina's most desirable beach markets.

FOR SALE DETAILS

PRICE

$945,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

3

PRICE/UNIT

$315,000

CAP RATE

5.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-1

APN/PARCEL ID

R08807-016-017-000

ASK ABOUT THIS PROPERTY

Barbara BassColdwell Banker Sea Coast AdvantageMore Info
910-352-2274

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Barbara BassColdwell Banker Sea Coast AdvantageMore Info
910-352-2274

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