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About This Home
This 4-bedroom, 4-bathroom residential multi family at 1603 Lake Park Boulevard S in Carolina Beach, NC is listed for $1,375,000 ($673 per sqft). Built in 1955, the home offers 2,042 sqft of living space on a 0.12 acres lot.
The Harris Group is excited to present this fully remodeled and furnished turn-key 4-Unit Ocean-Access Quadplex located on the Texas Ave beach access in Carolina Beach. 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 abi
lity 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.
Key Features
- Built in 1955
- 0.12 acre lot
Property Details
Amenities
Monthly Cost Estimate
$7,354/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1603 Lake Park Boulevard S
Carolina Beach, NC 28428
Wilmington Beach
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Views
Pool Features
Parking
Heating
Appliances
Questions & Answers
This 4-bedroom, 4-bathroom residential multi family at 1603 Lake Park Boulevard S is listed at $1,375,000 ($673/sqft). The estimated monthly payment is $5,958 based on 20% down at 6.5% interest.
Key features include: Built in 1955, 0.12 acre lot. Interior Features: Wash/Dry Connect, Ceiling Fan(s), Furnished. Exterior Features: Storm Doors.
This property is listed by Abby D Harris and can be reached at 8033191988 or abby.harris@nestrealty.com.