Multi-Family for Sale
Also listed as Hospitality
Catylist Listing ID: 30735812
Number of Units: 2 Units
Building Size (RSF): 16,700 SF
Gross Land Area: 1.11 - 1.85 Acres
Sale Price: $10,400,000
Unit Price: $5,200,000 Per Unit
Property Use Type: Investment
Building Name: Southern Grace (NTB) & Southern Charm (HB)
Usable Size (USF): 16,700 SF
Sale Terms: Cash to Seller
Last Updated: 5/19/2022

Overview / Comments

PORTFOLIO INVESTMENT OPPORTUNITY!!! Southern Grace and Southern Charm Vacation Rentals are two excellent investment opportunities to own fully-furnished and cash-flowing ocean-front beach rentals; one in North Topsail Beach, NC (NTB) and the second in Holden Beach, NC (HB). Rental and income information is available upon registration and execution of a Confidentiality Agreement.
Both are private estates that feature unique structures designed and built for the specific purpose of large group/event rental to sleep up to 50 (HB) or 60 (NTB) people each. These properties are 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. Both feature 16 bedrooms and either 16 full bathrooms, all featuring showers and two with combination tub/shower, and a half bath (HB) (2 half baths NTB). 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 both 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.

Both can be sold together or separately. Southern Charm is 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

Southern Grace is located at 2068 New River Inlet Road, North Topsail Beach, NC. MLS ID 30731010 or a link to this listing is here

Additional Details

Nearest MSA: Jacksonville
County: Onslow
Taxing Authority: Onslow and Brunswick Counties
Tax ID/APN: 056206 (Onslow) and 245GA04210 (Brunswick)
Community Amenities: Outdoor Pool
Highway Access: Hwy 210 US 17
Airports: Southern Grace: ILM, Holly Ridge Airpark, Topsail Airpark, Dixon NDB, and New River TACAN & Southern Charm: MYR, ILM, Cape Fear Regional Jetport, & Odell Williamson Municipal Airport
Site Description: Southern Grace: A private estate located on a 1+/-acre lot on the northern end of Topsail Island. Offering spectacular 180-degree ocean views. Southern Charm: A private estate in a gated community, it is located on a 22-acre wildlife preserve at the tip of the island. Offering a spectacular 360-degree view of the beach and the Shallotte inlet.
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
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
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Propane
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 55 6,409 13,196
Median Age: 68.03 47.95 47.11
Households: 32 2,837 5,775
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