$750,000

3401 Ocean Drive E

Emerald Isle NC, 28594

Description

Exceptional Investment Opportunity. This is your chance to own a piece of paradise and generate a substantial amount of capital in the process. This property has an annual gross revenue of $94,000 with over 25% of the renters returning year after year. This meticulously maintained, ocean front property is being sold fully furnished (excluding select artwork) and boasts 4 spacious bedrooms and 4 full bathrooms. There is also a bonus room which is currently being used as a 5th bedroom, complete with bathroom and wardrobe. The main level is where you will find the living and dining rooms, kitchen, bedroom 1, a full bath as well as a laundry area. This area is ideal for entertaining and the ocean views are breathtaking. The second level is where you will find bedrooms 2-4 including the master suite and bathroom number 3. The third level bonus/bedroom 5 rounds out the interior and also has a full bath. Updates include granite countertops, newer flooring, newer roof and brand new HVAC system. On the outside, there are decks with ocean views at every level, an abundance of storage, an outdoor shower and walkway to the beach. Rental bookings are already full for 2020!!!

Details

MLS#100219647
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusContingent
Year1996
Days On Site78

Features

Bed(s)4
Bath(s)4fb
SQ Feet1,925
Car PortYes
Story(s)3.0
Water FrontYes
Property ViewYes

Additional Information

Ocean FrontYes
Ocean ViewYes
Water AccessNo
Bonus RoomNo
Boat SlipNo
Master DownNo
Finished Room Over GarageNo
HOAYes
HOA Annual Amount0.00
FireplaceNo
Great RoomNo
FencingNo
PorchNo
SunroomNo
DeckYes
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Area Information
StateNC
CountyCarteret
CityEmerald Isle
Zip Code28594
AreaCarteret
Community NameNot In Subdivision
Elementary SchoolWhite Oak
Middle SchoolBroad Creek
High SchoolCroatan
Listing VS Median (in Not In Subdivision)
Price:
$750,000
low | high
Med:
$149,000
100% of Average
SqFt:
1,925
low | high
Med:
756
100% of Average
$ / SqFt:
$390
low | high
Med:
$49
100% of Average
On Site:
78
low | high
Med:
21.5
100% of Average
Listing Updated: 08/14/2020
Crista Davis Austin LogoMLS Number: 100219647
Listing Provided By:
Crista Davis Austin  of  RE MAX Homestead
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