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    OFF-MARKET
    Hospitality properties

    40319 Gulls Cry Rd, Avon, NC 27915

    Built 1984
    Property ID
    Property summary
    AI-generated overview

    This exceptional oceanfront property in Avon, North Carolina, presents a lucrative investment opportunity. Built in 1984, this 4-bedroom, weekly short-term rental cottage sits on a 10,000 sq ft lot zoned R-1. Boasting stunning ocean views and direct beach access, the property features a spacious great room with a cathedral ceiling and abundant natural light. The upper level offers a large deck perfect for enjoying the ocean breeze. Downstairs, you'll find all four bedrooms, two bathrooms, another oceanfront deck connected to two bedrooms and complete with a hot tub, and a convenient laundry area. Additional amenities include carport parking, an outdoor shower, and a fish-cleaning table. Its prime Outer Banks location provides easy access to shopping, dining, and other attractions. The property has a proven track record, generating over $67,000 in rental income annually (May-November), with an open calendar for maximizing potential earnings. This turnkey operation offers a rare chance to acquire a highly profitable coastal investment property. The property's strong rental history and desirable location make it an ideal addition to any investment portfolio. The asking price is $900,000.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1984
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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