237 Seashore DR new Save Request In-Person Tour Request Virtual Tour
North Topsail Beach,NC 28460
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,696 sqft
Price per Sqft $451
Subdivision Old Settlers Beach
MLS Listing ID 100531318
Style Wood Frame
HOA Y/N No
Year Built 1997
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions 74x186x74x186
Property Sub-Type Multi Family
Source Hive MLS
Property Description
RARE opportunity to own a highly desirable multifamily property in the sought-after Beach of North Topsail! This ocean-view property features six fully equipped units, each offering 2 bedrooms, 1 bathroom, a kitchen, and a living room. All units have been renovated at various times over the past few years, with updates including kitchens, bathrooms, flooring, and more. Additionally, the metal roof and siding were replaced approximately 7-8 years ago. The property is perfect for a house hack or a versatile investment strategy—live in one unit and rent out the others, or mix short-term and long-term rentals. Currently, the property operates as both a short- and long-term rental, generating impressive returns with detailed financials available upon request. There's even more potential through value-add opportunities and tax savings via cost segregation. The property sits on over 0.3 acres, offering potential for future development on the back lot where the septic system is located. Situated on a dead-end street, it provides added privacy while still being close to downtown, restaurants, shopping, and entertainment. Best of all, public beach access is almost directly across the street! A shared laundry facility is available on-site for added convenience. Located in a federal flood zone. Drone photos and additional documentation available upon request—don't miss this incredible investment opportunity!
Location
State NC
County Onslow
Community Old Settlers Beach
Zoning R-10
Direction From HWY 210-to Wicker Street, right on Seashore Drive, property on right.
Interior
Heating Electric,Forced Air
Cooling Central Air
Exterior
Parking Features Shared Driveway,Assigned,Off Street,Paved
Utilities Available Water Available
Amenities Available See Remarks
Waterfront Description Water Access Comm
View Ocean,Water
Roof Type Metal
Building
Lot Description Dead End,See Remarks
Foundation Slab
Sewer Septic Tank
Water Municipal Water
New Construction No
Others
Tax ID 024661
Acceptable Financing See Remarks,1031 Exchange,Cash,Conventional
Listing Terms See Remarks,1031 Exchange,Cash,Conventional
Virtual Tour https://listings.lighthousevisuals.com/videos/019943cf-70d0-73cd-9811-c31793e827d8