1305 S VIRGINIA DARE TRAIL, KILL DEVIL HILLS, NC 27948

1305 S Virginia Dare Trail
Kill Devil Hills, NC 27948

$3,725,000

Beds: 16
Baths: 9 | 2
Sq. Ft.: 7,205
Listing #96954
Unbelievable rare investment opportunity. Don't miss these 3 adjoining oceanfront lots with 5 rental homes that are currently in a rental program, and 1 home that is not in a rental program but used by owners. You can keep them as they are or for highest and best use tear down or move the existing homes and replace them with three 18-20 bedroom weekly rentals for optimum rental income. Each of these homes should see a gross cap rate in excess of $450,000 annually. Let us show you a variety of house plans that have already proven to show the highest potential and give you a tour of some of these beautiful money makers. Taxes are for all three lots. A 2017 appraisal on file.
Property Features
Location Information
County: Dare
MLS Area: Kill Devil Hills Oceanside
Subdivision: Kill Devil Bch
Interior Features
Heating: Central
Cooling: Central
Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Furnishing Available: Yes
Exterior Features
Style: Bungalow
Construction: Frame, Wood
Foundation: Piling
Water Access: Municipal
Has a Pool: No
Lot Description: Beach Frontage, Water Frontage
Lot Size in Acres: 0
Road Description: Paved, Public
Water Frontage: 150
Waterfront Description: Oceanfront
View Description: Ocean
Additional Information
Ownership: Owned More than 12 Months
Is Primary Residence: No
Property Type: SFR
Property SubType: Single Family - Detached
Year Built: 1940
Status: Active
Is an REO: No
Is Short Sale: No
Original Price: $3725000
HOA Fee: 0
HOA Fee: No
Tax Year: 2016
Tax Amount: 16, 588.7
Extras: Beach Access, Ceiling Fan(s), Covered Decks, Outside Lighting


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Seller's Representative: Jim Soles, Soles Realty OBX
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Outer Banks data last updated at September 19, 2017 7:55 AM ET