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    209 K Avenue

    Kure Beach, NC 28449
    • $1,600,000
    • STATUS: Active
    • ON SITE: 112 days
    • MLS #: 100238417
    UPDATED: 42 min ago
    $1,600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,040
      SQFT
    • $396
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Description

    Beach Cottages and apartments, solid income, New Roofs, Apartments completely brand new inside, new vinyl siding on the cottages. Large cottage average 2400 a month, small cottage 1700 a month x 3, apartments 1200 a month x 5.Current ExpensesInternet: $938.84TV: $1,880.79Power:$11,596.88Water Sewer: $6,993.35Taxes: $2,846.99+$2,250.03= $5097.02Insurance$9984.00Based off full time rental potential gross income is 162k a year, with vacation rental income can greatly increase. But with a fair 25% expense ratio You will have 7.5 cap rateB1 ZoningBanks/loan/finance company; bus terminal (S); place of worship;eating/drinking establishment; service station (S); food store; hotel/motel;parking lot (S); professional office; barber/beauty/personal service shop;public building/facility; retail store; arcade (S); theatre (S); dance hall; homeoccupation; Dwelling constructed in conjunction w/ permitted uses above- ifintegral part of main building (S); real estate; Accessory uses clearly incidentalto permitted use that doesn't create nuisance or hazard

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    © 2021 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2021-01-17T16:56:26.907.
    www.jacksonvillenchomefinders.com/homes/110424919
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    209 K Avenue Kure Beach, NC 28449

    • Price: $1,600,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 100238417
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,040
    SQFT
    $396
    $/SQFT
    1920
    Built
    Neighborhood:
    Not In Subdivision
    County:
    New Hanover
    Area:
    Kure Beach
    Property Description
    Beach Cottages and apartments, solid income, New Roofs, Apartments completely brand new inside, new vinyl siding on the cottages. Large cottage average 2400 a month, small cottage 1700 a month x 3, apartments 1200 a month x 5.Current ExpensesInternet: $938.84TV: $1,880.79Power:$11,596.88Water Sewer: $6,993.35Taxes: $2,846.99+$2,250.03= $5097.02Insurance$9984.00Based off full time rental potential gross income is 162k a year, with vacation rental income can greatly increase. But with a fair 25% expense ratio You will have 7.5 cap rateB1 ZoningBanks/loan/finance company; bus terminal (S); place of worship;eating/drinking establishment; service station (S); food store; hotel/motel;parking lot (S); professional office; barber/beauty/personal service shop;public building/facility; retail store; arcade (S); theatre (S); dance hall; homeoccupation; Dwelling constructed in conjunction w/ permitted uses above- ifintegral part of main building (S); real estate; Accessory uses clearly incidentalto permitted use that doesn't create nuisance or hazard
    Exterior Features

    Location Type Mainland Lot Dimensions 100 By 100

    Property Features

    Auction No City Limits Yes Cobra Zone No Commercial Sub Type Hotel/MotelOther Hoa YN No New Construction No Sale Lease Includes BuildingsBusinessFixturesFurniture Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2019 Zoning B1



    Listing information © 2021 NCRMLS
    Listing provided courtesy of Tom T Heitman of Wilmington Commercial Real Estate.


    © 2021 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2021-01-17T16:56:26.907.
     
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