Price
$ 3,725,000

1305 S Virginia Dare Trail Lot #3,4,5, Kill Devil Hills, NC 27948  
  • 16 beds
  • 11 baths
  • 7,205 sqft

1305 S Virginia Dare Trail Lot #3,4,5, Kill Devil Hills, NC 27948  

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.

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Listing Type
Single Family
Listing ID
96954
Bedrooms
16
Bathrooms
11
House Size
7,205
Listing Status
Active
Year Built
1940
County
Dare
Full Bath
9
Half Bath
2
Subdivision
Kill Devil Bch
Zoning
RES
Taxes
16588.7
TaxID
989309067689
TaxYear
2016
Listing courtesy of Jim Soles~Soles Realty OBX
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX COASTAL ASSOCIATES
    8468 Caratoke Highway Powells Point, NC 27966 | Phone: (252) 489-8431
    License #: 170337
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.