237 Seashore Dr - Apartments FOR SALE


North Topsail Beach, NC 28460
$1,699,999 USD
910-777-2200
237 Seashore Dr, North Topsail Beach, NC for Sale
$1,699,999 USD
Apartments - FOR SALE
1/108
null | Request Cap Rate

237 Seashore Dr
North Topsail Beach, NC 28460


HIGHLIGHTS

  • Property is on a dead end
  • Beach access
  • 6 units under 1 roof

OVERVIEW

RARE opportunity to own a highly desirable multifamily property in the sought-after Beach of North Topsail! This ocean-view property features six fully equipped units, each offering 2 bedrooms, 1 bathroom, a kitchen, and a living room. All units have been renovated at various times over the past few years, with updates including kitchens, bathrooms, flooring, and more. Additionally, the metal roof and siding were replaced approximately 7-8 years ago. The property is perfect for a house hack or a versatile investment strategy—live in one unit and rent out the others, or mix short-term and long-term rentals. Currently, the property operates as both a short- and long-term rental, generating impressive returns with detailed financials available upon request. There's even more potential through value-add opportunities and tax savings via cost segregation. The property sits on over 0.3 acres, offering potential for future development on the back lot where the septic system is located. Situated on a dead-end street, it provides added privacy while still being close to downtown, restaurants, shopping, and entertainment. Best of all, public beach access is almost directly across the street! A shared laundry facility is available on-site for added convenience. Located in a federal flood zone. Drone photos and additional documentation available upon request—don't miss this incredible investment opportunity!

FOR SALE DETAILS

PRICE

$1,699,999 USD

PRICE/SF

$460 USD /SF

# OF UNITS

6

PRICE/UNIT

$283,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R-10

APN/PARCEL ID

024661

ASK ABOUT THIS PROPERTY

The Domenico Grillo Real Estate TeamKeller Williams Realty InternationalMore Info
910-777-2200

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The Domenico Grillo Real Estate TeamKeller Williams Realty InternationalMore Info
910-777-2200

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