410 Anderson Blvd Holly Ridge, NC 28445
- Residential income homes
- 2,578 SF
Current Use by Public Records
- Residential income homes
Property Details for 410 Anderson Blvd
- Year built
- 1970
- Property size
- 2,578 SF
- Property type
- Residential income homes
- Property subtype
- Small apartment buildings
Description
This exceptional Topsail Beach, NC investment opportunity presents a rare triplex, ideally situated on an 8,407 sq ft lot at 410 S Anderson Blvd, 28445. The property, built in 1970, boasts a total of 2,578 sq ft across three units: a 4-bedroom, 2-bathroom unit, and two 2-bedroom, 1-bathroom units. Currently operating as a highly profitable short-term rental business, this turnkey property comes fully furnished, eliminating the need for extensive upfront investment. The property's strong financial performance is reflected in its impressive $120,000 NOI and 11.16% cap rate, with an asking price of $1,075,000 ($416.99/sq ft and $358,333.33 per unit). The two-story building is zoned R-4 and offers convenient second-row access to the beach. A seller concession of 2% is available to assist with off-season carrying costs or property improvements, and a 1.25% lender credit may be available under specific terms and conditions. This is a truly exceptional opportunity for investors seeking a high-return, immediately operational short-term rental property in a prime coastal location. The property's strong rental history further solidifies its investment potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Holly Ridge
- County
- Pender
- State
- North Carolina
- Longitude
- -77.624067014802
- Latitude
- 34.37025752164
