You are here

1305 S Virginia Dare Trail Kill Devil Hills, NC 27948 - MLS# 96954

Type: RESIDENTIAL - Single Family - Detached
Year Built:  1940
Area:  Kill Devil Hills Oceanside
Location:  Oceanfront
Asking Price:  $3,725,000
Original Price:  $3,725,000
Beds: 16
Baths: 9 Full 2 Partial

Unbelievable rare investment opportunity. Don't miss these 3 adjoining oceanfront lots with 5 rental homes that are currently in a rental program, and 1 home that is not in a rental program but used by owners. You can keep them as they are or for highest and best use tear down or move the existing homes and replace them with three 18-20 bedroom weekly rentals for optimum rental income. Each of these homes should see a gross cap rate in excess of $450,000 annually.

Let us show you a variety of house plans that have already proven to show the highest potential and give you a tour of some of these beautiful money makers. Taxes are for all three lots. A 2017 appraisal on file.

Lot Description
  • Beach Frontage
  • Water Frontage
View Description
  • Ocean
Possession
  • At Closing
Subdivision
  • Kill Devil Bch
Listed On
  • 2017-06-29
Extras
  • Beach Access
  • Ceiling Fan(s)
  • Covered Decks
  • Outside Lighting
Heating
  • Central
Air Conditioning
  • Central
Heated Living Area SqFt
  • 7205
Construction
  • Frame
  • Wood
Roads
  • Paved
  • Public
Agent Name
Jim Soles
Office
Soles Realty OBX