Kure Beach, NC 28449
MLS# 100238417
Status: Closed
4040 sqft
Property Description
Beach Cottages and apartments, solid income, New Roofs, Apartments completely brand new inside, new vinyl siding on the cottages. Large cottage average 2400 a month, small cottage 1700 a month x 3, apartments 1200 a month x 5. Current Expenses Internet: $938.84 TV: $1,880.79 Power:$11,596.88 Water Sewer: $6,993.35 Taxes: $2,846.99+$2,250.03= $5097.02 Insurance$9984.00 Based off full time rental potential gross income is 162k a year, with vacation rental income can greatly increase. But with a fair 25% expense ratio You will have 7.5 cap rate B1 Zoning Banks/loan/finance company; bus terminal (S); place of worship; eating/drinking establishment; service station (S); food store; hotel/motel; parking lot (S); professional office; barber/beauty/personal service shop; public building/facility; retail store; arcade (S); theatre (S); dance hall; home occupation; Dwelling constructed in conjunction w/ permitted uses above- if integral part of main building (S); real estate; Accessory uses clearly incidental to permitted use that doesn't create nuisance or hazard
Last Updated: June - 17 - 2021
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