2Nd St Carolina Beach, NC 28428
- Residential income homes
- 3,720 SF
- 0.07 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 0 2Nd St
- Year built
- 2023
- Lot size
- 0.07 lot acres
- Property size
- 3,720 SF
- Property type
- Residential income homes
Description
This exceptional two-unit townhome development, built in 2023, presents a lucrative investment opportunity in Carolina Beach, NC. Located on S 2nd St, this Class A property boasts 3,720 square feet of net rentable space, offering two units at $800,000 each, for a total asking price of $1,600,000. The property features contemporary finishes including tiled showers, shiplap accent walls, tongue and groove ceilings, quartz countertops, and tile backsplashes. Each unit includes a GE stainless steel appliance package with a counter-depth refrigerator, hood vent, and Sharp drawer microwave, plus a large pantry. Additional amenities include ground-level storage, electric vehicle charging capabilities, a generator hookup, and covered parking for three vehicles. The community itself offers resort-style amenities such as a pool, pool house with kitchenette and restrooms, a pickleball court, grilling area, private road, dog waste stations, and resident golf cart parking. Situated just steps from the beach, restaurants, and attractions, this property is ideally suited for both short-term vacation rentals and long-term rentals. The pro-forma cap rate is 5.23%, with a pro-forma NOI of $83,632. The 0.07-acre lot is zoned R-1. Financial projections are based on short-term rental projections. This low-maintenance, new construction property in an appreciating real estate market offers a compelling investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carolina Beach
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.8969
- Latitude
- 34.0262
