Turn-Key Beach Investment: 3 units x $5k/mo x 6mo rental season $90k / year for a focused investor (~5k/mo per unit) Remote Workers: Live in one unit and rent 2 = $60k /annum - if you can resist inviting friends to stay with you ;o) This Emerald Isle multi-family second row features 6 Bedrooms and 4 baths in three separate living areas with beach access across the street. The lower level has a large 2 car garage, laundry room, 2 bedrooms 2 baths and kitchen/living area. The 2nd level units each have 2 BR/1 BA and a kitchen/living area with ocean views. This is an original EI beach cottage, situated on a large 2nd row lot in the heart of Emerald Isle. Current owners occupy the lower unit and the other two are very profitable ABNBs during the (Apr-Sep) rental season. The property is being sold furnished and features a front yard volleyball court, lots of off-street parking, two fire pit areas & proven profitable AirBNB units in a wonderful neighborhood with great school districts & the island public boat ramp 1.2mi away.
Off market
$1,177,300
5414 Ocean Dr, Emerald Isle, NC 28594
4beds
1,610sqft
MultiFamily
Built in 1976
-- sqft lot
$1,177,300 Zestimate®
$731/sqft
$1,987 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Heat pump, Wall
Cooling
- Central, Wall
Appliances
- Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Carpet, Linoleum / Vinyl
- Basement: None
Interior area
- Total interior livable area: 1,610 sqft
Property
Parking
- Total spaces: 14
- Parking features: Garage - Attached, Off-street
Features
- Exterior features: Vinyl, Wood
Lot
- Size: 0.34 Acres
Details
- Parcel number: 630418418386000
Construction
Type & style
- Home type: MultiFamily
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1976
Community & neighborhood
Location
- Region: Emerald Isle