714 Canal Dr, Carolina Beach, NC 28428
2 Specialty Properties Offered at $2,400,000 in Carolina Beach, NC
For Sale
Active
4 pictures
Asking Price $2,400,000
- Property Type
-
Specialty
- Square Feet
- 5,416 SF
Listing Contacts
Brooke Richardson
Property Overview
This is an amazing opportunity to purchase a large multifamily investment or family compound. Ideal 1031 exchange property. Immediate income with long term development potential. This package consists of the Main House 715 Carolina Beach Ave. which consists of 9 bedrooms 6 ½ bathrooms. A separate building behind which has A and B units each consisting of 2 bedrooms, 1 bathroom, kitchens and living rooms. 714 Canal Drive is a separate home with 3-bedroom, 1 bath with full kitchen, living room and laundry. All units have lovely porches with slights views of the ocean and waterway. 2 large lots housing 4 units total.
Tons of new updates and interior is professionally designed by Smith and Gsell design studio. Beautiful tongue and grove woodwork, large covered porches and tons of space. Currently on the short-term rental market. 2023 Gross income was $112,000 which was only from May-December due to renovations and personal usage. Local vacation management company has done a rental projection of $160,000-$175,000 year. Sold fully furnished and turn key. Fabulous location across the street from the beach and within walking distance to shops and restaurants. Previous use was the Beacon House Bed and Breakfast along with 3 short term rental cottages.
Tons of new updates and interior is professionally designed by Smith and Gsell design studio. Beautiful tongue and grove woodwork, large covered porches and tons of space. Currently on the short-term rental market. 2023 Gross income was $112,000 which was only from May-December due to renovations and personal usage. Local vacation management company has done a rental projection of $160,000-$175,000 year. Sold fully furnished and turn key. Fabulous location across the street from the beach and within walking distance to shops and restaurants. Previous use was the Beacon House Bed and Breakfast along with 3 short term rental cottages.
Highlights
- Amazing 1031 opportunity with instant income and long term development potential
All available spaces
- Space
- Size
- 700 SF
- Space Subtype
- Specialty
- Space
- Beacon House
- Size
- 4,716 SF
- Space Subtype
- Specialty
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].