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12 Nathan St Wrightsville Beach, NC

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For Sale
$2,495,000

Six rental units steps from the sand in Wrightsville Beach.

Property size:
3,682 SF
Lot size:
0.11 Acres

Property Features for 12 Nathan St

General Information

Size
3,682 SF
Lot size
0.11 Acres

Source: Cadence Realty Corporation Agent Ross Joseph Tomaselli

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Wrightsville Beach Multifamily Investment Opportunity

Located steps from the sand in Wrightsville Beach, 12 Nathan Street features six rental units. The property is situated on a 50x90 lot zoned R2. The property consists of four 1-bedroom units in the main house and two 2-bedroom units in a detached accessory dwelling unit (ADU). The property contains 3,682 square feet. All six units are currently leased, providing cash flow. The property can be renovated and repositioned as a short-term rental portfolio, capitalizing on Wrightsville Beach's vacation market. Alternatively, the lot can be redeveloped into a luxury duplex with potential ocean views to the east over Crystal Pier and west-facing views of Banks Channel. This property presents an opportunity to invest in one of North Carolina's beach communities.
Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wrightsville Beach
County
New Hanover
State
North Carolina
Longitude
-77.7963709
Latitude
34.2085036

FAQs

What type of property is this?
Apartment building - Six rental units steps from the sand in Wrightsville Beach.
Where is this apartment building located?
The property is located at 12 Nathan St Wrightsville Beach, NC.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: - Six grandfathered rental units on a valuable R2-zoned lot, steps from the beach.; - Immediate cash flow from currently leased units with strong rental rates.; - Opportunity to renovate and reposition as a high-yield short-term rental portfolio.
More about this property
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