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    OFF-MARKET
    Residential income homes

    0 2Nd St, Carolina Beach, NC 28428

    3,720 SF 0.07 ac lot Built 2023
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Residential income homes
    Year built 2023
    Total area 3,720 SF
    Lot 0.07 ac (3,049 SF)
    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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