1603 Lake Park BLVD S Carolina Beach, NC 28428
4 Beds
4 Baths
2,042 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,042 sqft
Price per Sqft $732
Subdivision Wilmington Beach
MLS Listing ID 100534749
Style Wood Frame
Bedrooms 4
HOA Y/N No
Year Built 1955
Annual Tax Amount $4,562
Lot Size 5,009 Sqft
Acres 0.12
Lot Dimensions 100x50100x50
Property Sub-Type Quadruplex
Source Hive MLS
Property Description
Located adjacent to the CB/KB pipeline, ''Surf Station'' is built on one of the most popular beach access surfing locations on the island.
This opportunity is perfect for a 1031 exchange, investor looking to capture Bonus Depreciation via Cost Seg study, or anyone looking for a fully functioning turn-key AirBNB or Mid/Long term rental multifamily property.
No HOA, Not in a flood zone despite being just 27 steps from the beach, potential value-add opportunity in that zoning permits ability to build UP, and property is constructed with cinderblock firewall between units which could potentially allow for units to be broken into individually condos. Currently lined for 8 parking spots, has room for 9 spaces.
Built in 1955, this former longterm/midterm multifamily rental had never flooded prior to the No Name storm of September 24, but did get water intrusion during that historic storm, and has been fully renovated with new subfloor, LVP, trim, drywall and paint, kitchens, bathrooms, vanities, water heater. In addition, owners also completed new roof, facia, soffit, furniture and staging, AC enclosures, back deck and walkways to beach, and is currently turnkey and ready to rent.
Location
State NC
County New Hanover
Community Wilmington Beach
Zoning MF
Direction 421 S (Carolina Beach Rd) to Carolina Beach. Drive through downtown Carolina Beach and the property will be located on the left side of the street directly on the Texas ave beach access.
Rooms
Basement None
Interior
Interior Features Wash/Dry Connect, Ceiling Fan(s), Furnished
Heating Other, Electric
Cooling Other
Flooring LVT/LVP
Fireplaces Type None
Furnishings Furnished
Fireplace No
Appliance Vented Exhaust Fan, Electric Cooktop, Built-In Microwave, Built-In Electric Oven, Refrigerator, Dishwasher
Laundry Hookup - Dryer, Hookup - Washer, Laundry Closet
Exterior
Parking Features Shared Driveway, Lighted, On Site, Paved
Utilities Available Electricity Connected, Water Connected
Amenities Available No Amenities
View Ocean
Roof Type Architectural Shingle
Accessibility None
Porch Deck
Building
Lot Description Corner Lot
Story 1
Entry Level One
Sewer Municipal Sewer
Water Municipal Water
New Construction No
Schools
Elementary Schools Carolina Beach
Middle Schools Murray
High Schools Ashley
Others
Tax ID R09018-012-001-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
