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    1906 E Oak Island Drive

    Oak Island, NC 28465
    • $525,000
    • STATUS: Active
    • ON SITE: 154 days
    • MLS #: 100231504
    UPDATED: 34 min ago
    $525,000
    • 6
      BEDS
    • 0.93
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Offered for sale in a prime location near the Scenic Walkway on 20th Street of Oak Island is this package deal to own 5 lots totaling .93 acres that currently have two income producing properties already in place. Lots 1, 2, 3, 4 and 67 are the lot numbers situated between 19th street and 20th street with all of the road frontage on E Oak Island Drive along with Lot 67 on 19th street. 1902 E Oak Island Drive is a duplex offering 1 bedroom/1 bathroom per side, this is the older unit and most of the value is in the corner lot that it is situated on. In addition another duplex at 1906 E Oak Island Drive offers 2 bedrooms and 1 bath per side. 1906 features vinyl siding and a roof less than 2 years old and offers great income potential. Note both properties are currently below market rents but the rental potential is the key, keep just 1906 and sell off the 4 other lots or renovate both duplexes and sell off the other lots or build on 5 of these lots. This is your opportunity to own a piece of Oak Island and with the 20th Street Scenic Walkway just a few steps away it makes it prime real estate out of the flood zone but just a short walk to the beach. Please note that all units are tenant occupied so appointments are required. Lot 1 is .183 acres, Lot 2 is .162 acres, Lot 3 is .226 acres, Lot 4 is .2 acres, Lot 67 is .15 acres for a total of .93 acres according to Brunswick County GIS. Call today to make it yours!

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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 2021-01-15T11:58:14.907.
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    1906 E Oak Island Drive Oak Island, NC 28465

    • Price: $525,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 100231504
    6
    Beds
    4
    Baths
    0
    ½ Baths
    0.93
    Acres
    Neighborhood:
    Not In Subdivision
    County:
    Brunswick
    Area:
    Oak Island
    Elementary School:
    Southport
    Middle School:
    South Brunswick
    High School:
    South Brunswick
    School District:
    Brunswick
    Property Description
    Offered for sale in a prime location near the Scenic Walkway on 20th Street of Oak Island is this package deal to own 5 lots totaling .93 acres that currently have two income producing properties already in place. Lots 1, 2, 3, 4 and 67 are the lot numbers situated between 19th street and 20th street with all of the road frontage on E Oak Island Drive along with Lot 67 on 19th street. 1902 E Oak Island Drive is a duplex offering 1 bedroom/1 bathroom per side, this is the older unit and most of the value is in the corner lot that it is situated on. In addition another duplex at 1906 E Oak Island Drive offers 2 bedrooms and 1 bath per side. 1906 features vinyl siding and a roof less than 2 years old and offers great income potential. Note both properties are currently below market rents but the rental potential is the key, keep just 1906 and sell off the 4 other lots or renovate both duplexes and sell off the other lots or build on 5 of these lots. This is your opportunity to own a piece of Oak Island and with the 20th Street Scenic Walkway just a few steps away it makes it prime real estate out of the flood zone but just a short walk to the beach. Please note that all units are tenant occupied so appointments are required. Lot 1 is .183 acres, Lot 2 is .162 acres, Lot 3 is .226 acres, Lot 4 is .2 acres, Lot 67 is .15 acres for a total of .93 acres according to Brunswick County GIS. Call today to make it yours!
    Exterior Features

    Attached Garage Spaces 0.00 Construction BlockWood Frame Detached Garage Spac 0.00 Driveway Spaces 6.00 Exterior Features None Exterior Finish BlockVinyl Siding Fencing None Foundation Slab Location Type Island Lot Description Corner Lot Lot Dimensions Irregular Lot Sq Ft 40511.00 Lot Water Features None Parking Driveway DirtOn SiteUnpaved Pool Spa None Porch Balcony Deck Covered Road Type Frontage PavedPublic (City/Cty/St) Roof MetalShingle Total Carport Spaces 0.00 Waterfront No Waterview No

    Interior Features

    1 Bedroom Appliances Stove/Oven - Electric 1 Bedroom Cooling Central 1 Bedroom Heating Baseboard 1 Bedroom Units Avg Sqft 872 1 Bedroom Units Full Baths 1 1 Bedroom Units Half Baths 1 1 Bedroom Units Total Rooms 5 2 Bedroom Appliances Stove/Oven - Electric 2 Bedroom Cooling Wall/Window Unit 2 Bedroom Heating None 2 Bedroom Units Avg Sqft 614 2 Bedroom Units Full Baths 1 2 Bedroom Units Half Baths 0 2 Bedroom Units Total Rooms 4 3 Bedroom Appliances Stove/Oven - Electric 3 Bedroom Cooling Wall/Window Unit 3 Bedroom Heating None 3 Bedroom Units Avg Sqft 614 3 Bedroom Units Full Baths 1 3 Bedroom Units Half Baths 0 3 Bedroom Units Total Rooms 4 Appliances Equipment Stove/Oven - Electric Attic None Basement None Cooling System CentralWall/Window Unit(S) Dining Room Type Combination Efficiency Apartment Avg Sqft 872 Efficiency Apartment Full Baths 1 Efficiency Apartment Half Baths 0 Efficiency Apartment Rent 250.00 Efficiency Apartment Total Rooms 5 Efficiency Appliance Stove/Oven - Electric Efficiency Features KitchenLiving Room Efficiency Heating ElectricForced Air Fireplace None Flooring CarpetConcreteLaminateVinyl Heating System BaseboardElectricForced AirHeat Pump Interior Features 1st Floor MasterCeiling Fan(S) Stories Levels 1st Floor Water Heater Electric

    Property Features

    1 Bedroom Rent Freq Monthly 1 Bedroom Units Occupied Yes 1 Bedroom Units Rent 275.00 2 Bedroom Rent Freq Monthly 2 Bedroom Units Occupied Yes 2 Bedroom Units Rent 385.00 3 Bedroom Rent Freq Monthly 3 Bedroom Units Occupied Yes 3 Bedroom Units Rent 350.00 Accessibility None Auction No City Limits Yes Cobra Zone No Efficiency Apartment Occupied Yes Efficiency Rent Freq Monthly Federal Flood Ins Available Yes Financials Available No Fuel Tank None Green Building Certification None Green Building Features None Hoa And Neighborhood Amenities No Amenities Hoa YN No Multifamily Sub Type Duplex New Construction No Possession At Closing Property Management Company No Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2019 Terms CashConventional Water Sewer Municipal SewerMunicipal Water Zoning Ok-R-6A



    Listing information © 2021 NCRMLS
    Listing provided courtesy of Jeff Lesley of Century 21 Sweyer & Associates - Landfall.


    © 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 2021-01-15T11:58:14.907.
     
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