Investment or personal retreat in Surf City

Special Purpose for Sale
Catylist Listing ID: 30181684
Building Size (RSF): 1,356 SF
Gross Building Area: See Agent
Gross Land Area: 0.13 Acres
Sale Price: $349,900
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.4%
Last Updated: 5/20/2019

Overview / Comments

Welcome to your Topsail Island Home, located just a few miles south of the Swing Bridge in Surf City, on the Island. 160 yards from the beach and nestled in large ancient oak trees in the Islands Maritime Forest. Home, also comes with deeded deep water ramp and day dock with access to ICWW. This 3 bed 2 bath safely sits in a small neighborhood away from tourist traffic and vehicle thoroughfares. Topsail School District, bus picks up just down the road.

Well maintained home, with maintained systems and 2 New efficient HVAC's. One screened in porch on west side for afternoon sun and a morning deck located on east side of home off the kitchen. Listen to the Ocean waves from your home. Mature landscaping, Irrigation system, economical FEMA rate flood area. Large corner lot on a quiet cul-de-sac and parking for 6 with secure ground storage.

This home could be a personal retreat with easy access or investment. It is currently an investment property that has an 8.4% CAP=NOI/Value as of 2017. Next years forecast is a staggering 10.8% CAP. New High Bridge, School, Stores and population growth are creating an unprecedented amount of demand on short and long term rentals and increasing property values.

Call for a showing.

Additional Details

Nearest MSA: Jacksonville
County: Onslow
Taxing Authority: Pender County
Tax ID/APN: 4224-81-4343-0000
Zoning: R5
Property Located Between: Corner of Oak Drive and Shell Court
Property Visibility: Excellent
Largest Nearby Street: Sound Road
Site Description: Welcome to your Topsail Island Home, located just a few miles south of the Swing Bridge in Surf City, on the Island. 160 yards from the beach and nestled in large ancient oak trees in the Islands Maritime Forest. Home, also comes with deeded deep water ramp and day dock with access to ICWW. This 3 bed 2 bath safely sits in a small neighborhood away from tourist traffic and vehicle thoroughfares. Topsail School District, bus picks up just down the road. Well maintained home, with maintained systems and 2 New efficient HVAC's. One screened in porch on west side for afternoon sun and a morning deck located on east side of home off the kitchen. Listen to the Ocean waves from your home. Mature landscaping, Irrigation system, economical FEMA rate flood area. Large corner lot on a quiet cul-de-sac and parking for 6 with secure ground storage. This home could be a personal retreat with easy access or investment. It is currently an investment property that has an 8.4% CAP=NOI/Value as of 2017. Next years forecast is a staggering 10.8% CAP. New High Bridge, School, Stores and population growth are creating an unprecedented amount of demand on short and long term rentals and increasing property values.
Number of Stories: 2
Property Condition: Excellent
Year Built: 1997
Construction/Siding: Vinyl Siding, Wood Siding
Heat Type: Electricity
Heat Source: Central
Zoning Description: Residential
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Legal Description: LT 11,PB 27/12 PLEASANT COVE S SHELL COURT & OAK DRIVE PLAT 27 PAGE 12

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 516 6,984 10,906
Median Age: 51.07 43.83 41.99
Households: 227 2,825 4,503
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