$625,000
 $3,549 est/mo Sourced by Back At You

411 Mercer Street , Oak Island, NC 28465

Oak Island, NC 28465

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Description

Discover your ideal island property with a total projected income of $56,000! Located at 411 Mercer St in the Yaupon Beach section of Oak Island, this gem is within walking distance to beach access, restaurants, shopping, ice cream shops, and bars. Nestled just 0.4 miles from Southeast North Carolina's sandy coast, this duplex offers a prime location and modern amenities. Completely remodeled from the studs in 2022/23, both units are equipped with contemporary comforts. The front unit, known as Duck Dive OKI, is a popular Airbnb listing that generated $24,000 in its first year. Also a guest favorite, earning a 5-star rating and has bookings into fall. The back unit, Teil Castle, is currently used by the owner and projections performed by a local STR property management firm show potential income of $31,000. System upgrades include new plumbing, electrical, roofing (including sheathing), and HVAC systems. Both units feature tankless electric water heaters, individual water and electric meters, and can lighting throughout with dimmers in the back unit(both inside and out). The roof and hvac systems have transferable warranties as well as a transferable termite bond. The property benefits from cost savings with one tax parcel, one insurance policy, and is being sold furnished (with exclusions). Each unit has separate off-street parking and wash stations for returning from the beach. The back unit boasts a permitted 12x26 screened porch, an 8x16 side porch, a fenced backyard, a shed wired for electricity, and an outdoor shower. Additionally, it features a reverse osmosis drinking water system. This duplex is a perfect blend of convenience, modern upgrades, and coastal charm, making it an excellent primary, secondary or investment opportunity!

Details

MLS#100449217
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending with Showings
Year1972
Days On Site149
Listing Provided BySwanson Realty-Brunswick County | Josh R Roth

Features

Bed(s)4
Bath(s) 2 Total
SQ Feet1,480
Story(s)1
ZoningR-9
Acreage0.19

Market Activity 28465

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Listings Checked: 2 minutes ago
StateNC
CountyBrunswick
CityOak Island
Zip Code28465
AreaBrunswick
Community NameYaupon Beach
School DistrictBrunswick County Schools
Elementary SchoolSouthport
Middle SchoolSouth Brunswick
High SchoolSouth Brunswick
Listing VS Median (in Yaupon Beach)
Price:
$625,000
low | high
Med:
$702,950
37.528% of Average
SqFt:
1,480
low | high
Med:
1,789
29.121621621622% of Average
$ / SqFt:
$422
low | high
Med:
$393
56.879544037759% of Average
On Site:
149
low | high
Med:
90.000000
100% of Average
Sourced by Back At You
Listing Updated: October 24, 2024 at 11:04:36 AM PDT