$365,000

312 W Bogue Boulevard 1 And 2

Atlantic Beach NC, 28512

Description

Income producing property listed under appraised value! This is an adorable, newly remodeled duplex named The Pineapple Place is just blocks from the beach, the circle, shopping, & restaurants with a very clean, responsible long-term renter in place in the downstairs unit. The upstairs comes fully furnished & is a successful current vacation rental with a large deck. The vacation rental made almost $26,000 since Feb 1, 2020. There is a shed in the back with items for guests to take to the beach. It has an outdoor shower. Upstairs has 2 bedrooms & 1 bathroom. Downstairs has 1 bedroom, 1 bath, laundry room, and outside space under the deck. The downstairs tenants have been the cleaners for the upstairs vacation rental and caretakers of the property. Market rent for it as a long-term rental is $900/mo adding $10,800 to the yearly income or it can be listed as a vacation rental with yearly income projections being approx $20,000. Upstairs yearly projections are approx $36,000 for a total of $56,000 per year. Extra measures have been put in place to prevent any water from getting in and if it does extra measures have been put in place to make it much less expensive to repair. Washer and dryer are negotiable. Appraised for $405,000 as income producing property.Artwork does not convey. Current vacation management company requires existing bookings to be honored.

Details

MLS#100233941
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1959
Days On Site94

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,120
Story(s)2.0
Acreage0.14

Additional Information

Ocean FrontNo
Ocean ViewNo
Water AccessNo
Bonus RoomNo
Boat SlipNo
Master DownNo
Finished Room Over GarageNo
HOANo
FireplaceNo
Great RoomNo
FencingNo
PorchNo
SunroomNo
DeckYes
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Area Information
StateNC
CountyCarteret
CityAtlantic Beach
Zip Code28512
AreaCarteret
Community NameNot In Subdivision
Elementary SchoolMorehead City Elem
Middle SchoolMorehead City
High SchoolWest Carteret
Listing VS Median (in Not In Subdivision)
Price:
$365,000
low | high
Med:
$180,000
100% of Average
SqFt:
1,120
low | high
Med:
1,508
15.401785714286% of Average
$ / SqFt:
$326
low | high
Med:
$121
100% of Average
On Site:
94
low | high
Med:
11
100% of Average
Listing Updated: November 30, 2020 9:08:58 PM PST
Eugene Gurganus LogoMLS Number: 100233941
Listing Provided By:
Eugene Gurganus  of  Sun Coast Properties of ENC Inc.
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