8 Beds
4 Baths
3,072 SqFt
8 Beds
4 Baths
3,072 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,072 sqft
Price per Sqft $317
Subdivision Old Settlers Beach
MLS Listing ID 100581885
Bedrooms 8
Year Built 1971
Lot Size 4,922 Sqft
Acres 0.11
Lot Dimensions 61x89x62x89
Property Sub-Type Quadruplex
Source Hive MLS
Property Description
The property is being sold as-is with some work to be done, making it a true value-add play for the right buyer. Updates and improvements here have real upside potential. You're steps from the ocean in one of the Carolina coast's most active rental markets. All four units are currently occupied, so your investment generates income immediately while you plan improvements at your own pace.
Live in one unit and let the other three help carry the load, or hold all four as rentals and let Surf City's strong beach tourism do the rest. Either way, the potential here is hard to replicate at this price point and proximity to the water.
Location
State NC
County Pender
Community Old Settlers Beach
Zoning R-5
Direction From the Surf City Bridge, take the second exit onto New River Drive. Continue to Neptune Place and turn right. Take the next right onto Easy Street. The property is located on the left at the corner of Easy Street and Neptune Place.
Location Details Island
Interior
Interior Features None
Heating Baseboard, Electric
Cooling Wall/Window Unit(s)
Flooring Laminate
Appliance Electric Oven, Refrigerator
Exterior
Parking Features Shared Driveway, Detached, Gravel, On Site, Garage
Garage Spaces 2.0
Pool None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront Description Second Row
View Ocean
Roof Type Metal
Porch Deck, Front Porch
Garage Yes
Building
Lot Description Corner Lot, Second Row
Entry Level Two
Foundation Block
Water County Water
Level or Stories 2
New Construction No
Schools
Elementary Schools Surf City
Middle Schools Surf City
High Schools Topsail
Others
Tax ID 4245-64-2850-0000
Acceptable Financing Cash, Conventional, VA Loan, 1031 Exchange, Seller Financing
Listing Terms Cash, Conventional, VA Loan, 1031 Exchange, Seller Financing
Special Listing Condition Standard
Schools and Properties Nearby
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