8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
8229 S Old Oregon Inlet Road Unit: Lot 54
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$1,665,000

8229 S Old Oregon Inlet Road Unit: Lot 54

10 Beds 8 Baths 4,430 Sq.Ft.

Description

Turnkey moneymaker with 11% ROI and room for growth!!! As of March 7th, this fantastic investment property has nearly $200K Advertised Gross on the books ready to be turned over to the next lucky owner. Tons of listings proclaim the magical 10:1 ratio that most savvy investors live by when searching for their next income producing asset. With a 9% property management commission locked in and transferring to the new owner/buyer, the home has chance to hit that benchmark based on NET income, a claim very few can boast! In addition, with tons of updates recently completed including a new electric pool heater specifically added to entice even more off-season weeks, expectations are as much as 30 weeks and close to $200K are attainable. Did I mention this was all possible turnkey? With a starting point so strong, for the homeowner willing to take the next step, the earning potential for this cash cow is only limited to what you as the new owner can imagine. The three features recognized as being most important in establishing real estate value are location, location and location. Appropriately named “Serenity,” at approx. 4,400 sq. ft., protected by a firmly established, well vegetated dune line, in the highly desirable, less commercialized area of South Nags Head, with both views of the Ocean and Pea Island National Wildlife refuge, this vacation home reminds of the vacations that made our beaches so famous. Secluded and private with smaller public accesses few and far between. Also, we would be remiss to leave out the Nags Head Beach renourishment project when combined with the aforementioned strong dune line, makes this investment as safe as Oceanfront properties get. Safe from storms, monster income on the books and room for growth, investments do not get any sounder than this! Some of the more outstanding features and updates include: -Renovated and Refurnished “Coastal Modern” Great Room with Electric Fireplace -Renovated Kitchen with Granite Countertops & New Appliances -Brand new carpet, mattresses and electronics (FSTV’s) throughout -Large Game room with pool table and cabana bath -Two new hot water heaters -Two Laundry Stations and 2 Full Sized Refrigerators and Wet bars. -Electric Pool Heater -Dining table and breakfast bar both with ocean views seating as many as 20 guests Rental Property Investment is nothing but, a numbers game. Most purchases require buyers to keep playing that game, striving for numbers to get to the desired ratios. Booked solid, with an incredible rental package in place and ready to be turned over to you, “Serenity” is sure to be a winning investment for you and your family.

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Location

8229 S Old Oregon Inlet Road Unit: Lot 54, Nags Head, NC 27959

Status

Sold
Ashley Massey

Ashley Massey

Property Amenities

View additional property information below.
Interior
Appliances Dishwasher, Refrigerator, Dryer, Ice Maker, Microwave, Oven, Range, Washer
Flooring Carpet, Ceramic Tile, Vinyl
Total Bedrooms: 10
Half Bathrooms: 2
Full Bathrooms: 7
Other Interior Features Central Vacuum, Cathedral Ceiling(s), Pantry, Walk-In Closet(s), Wet Bar, Entrance Foyer
Area & Lot
Lot Area 0.44 Acres
Living area 4,430 Sq.Ft.
MLS® ID 113070
Year Built 1999
Water Frontage Y
View Description Ocean
Architecture Styles Reverse Floor Plan, Traditional
Type Residential
Status Sold
Exterior
Pool Outdoor Pool, In Ground, Private
Air conditioning Central Air, Ceiling Fan(s)
Heat type Heat Pump, Central
Water Source Public
Security Features Smoke Detector(s)
Sewer Septic Tank
Other Exterior Features Deck, Patio
Parking Off Street
Lot Features Level, Waterfront
Roof Asphalt
Finance
Sales Price $1,665,000
Real Estate Tax $4,981 yearly

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