40319 Gulls Cry Rd, Avon, NC 27915
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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