MEGA OCEANFRONT VACATION RENTAL INVESTMENT PROPERTY

Multi-Family for Sale
Also listed as Hospitality
Catylist Listing ID: 30731010
Number of Units: 1 Units
Building Size (RSF): 8,500 SF
Gross Land Area: 1.11 Acres
Sale Price: $5,000,000
Unit Price: $5,000,000 Per Unit
Property Use Type: Investment
Building Name: Southern Grace
Usable Size (USF): 8,500 SF
Sale Terms: Cash to Seller
Vacation Rental Income: Yes
Last Updated: 9/10/2021

Overview / Comments

INCREDIBLE CASH FLOW OPPORTUNITY!!! Southern Grace Vacation Rental is an excellent investment opportunity to own a fully-furnished and cash-flowing 8,500± SF ocean-front beach rental in North Topsail Beach, NC. Rental and income information is available upon registration and execution of a Confidentiality Agreement.
A private estate on the north end of Topsail Beach with ocean views. Features a unique structure that was designed and built for the specific purpose of large group/event rental to sleep up to sixty (60) people. This property is perfect to host multi-generational family vacations, weddings, church and corporate business retreats. The living areas are very spacious and modern with an open-plan kitchen area that features 3 refrigerators, 3 state-of-the-art ovens, 2 microwaves and a 10-burner cooktop. In the dining area, there is seating for everyone. There are several living areas as well as an entertainment and games area in the house with all floors connected via stairs and an elevator. There are 16 bedrooms and 16 full bathrooms, all featuring showers and two with combination tub/shower, and two half baths. One of these bathrooms, en suite to one of the bedrooms featuring one queen and one twin/single, features disabled access and adapted facilities including a roll-in shower with slight lip and grab rails. 400 MB Wifi with Mesh network throughout the house.
Outside there is a large private heated swimming pool, basketball goal, double propane grills connected to a large propane tank, dance floor, double outside showers as well as outdoor dining and social areas.

Can be sold together or separately with Southern Charm located at 1355 Ocean Blvd West Holden Beach, NC. MLS ID 30730992 or a link to this listing is here https://www.nccommercialmls.com/listing/30730992

Additional Details

Nearest MSA: Jacksonville
County: Onslow
Tax ID/APN: 056206
Zoning: R-20
Community Amenities: Outdoor Pool
Highway Access: Hwy 210 US 17
Airports: ILM, Holly Ridge Airpark, Topsail Airpark, Dixon NDB, and New River TACAN
Site Description: A private ocean front estate located on a 1+/-acre lot on the northern end of Topsail Island.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 2015
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: There is a large private heated swimming pool at the property as well as outdoor dining and social areas.
Parking Type: Surface
Total Parking Spaces: 40
Passenger Elevators: 1
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Propane
Internet Access: Cable
Lot Frontage: 64
Lot Depth: 746
Water Service: Municipal
Sewer Type: Municipal
Legal Description: L3 JS GRANT HEIRS DIV

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,038 6,575
Median Age: 36.4 39.33
Households: 1,300 2,876
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