UNIQUE OPPORTUNITY: OCEANFRONT "COMPOUND" - MP 8 - KILL DEVIL HILLS! Located on a 90-foot-wide, 24,000/sf lot, the 12 bedroom oceanfront home features expansive views of the Eastern horizon as well as views of the Northern and Southern beaches as far as the eye can see! At a ground elevation of 25 feet, visitors enjoy a bird’s-eye view of the surrounding area and can even see the Wright Brother’s Monument! Behind the large oceanfront lot, the second property – an 8 bedroom duplex on a 20,000/sf lot – offers a private pool, quick & easy access to the beach and is walking distance to countless shopping and dining establishments. The oceanfront home, designed & built by the current owners, has been meticulously maintained and updated – these efforts are apparent in the consistent rental performance at both properties! The spacious layout, unmatched views and central location contribute the overall desirability for vacationers and future-owners alike! With the addition of a poolside gazebo and tiki bar, the current owner’s believe rental income could reach $280,000 on the oceanfront alone! Currently under remodel, the duplex – which offers 4 bedrooms per side – will soon feature new kitchens, kitchen appliances, large tile showers in each master bath as well as various touch-ups to top deck railings, pool steps, etc. – Unit A will also feature a newly-renovated bath and Unit B will feature new carpet. The anticipated revenue increase from these improvements will likely bring the annual income north of $90,000 for this multi-unit dwelling!
This listing is provided courtesy by Bobby Harrell, Harrell & Associates
Map may not be 100% accurate.
©2021 Stan White Realty and Construction - MLS. All Rights Reserved.
Website Design by InterCoastal Net Designs