$3,725,000 1305 S Virginia Dare Trail Kill Devil Hills, NC

MLS: 96954   Type: Single Family   County: Dare   City: Kill Devil Hills   Area: Kill Devil Hills Oceanside   Neighborhood: Kill Devil Bch   Zip: 27948   Style: Bungalow     Stories: 1   Taxes: $16,588

Mortgage $17,488 /mo

Beds

Baths

Half Baths

Sqr Footage

Lot Size

Built

16

9

2

7,205

0

1940

Unbelievable rare investment opportunity. Don't miss these 3 adjoining oceanfront lots with 5 rental homes that are currently in a rental program, and 1 home that is not in a rental program but used by owners. You can keep them as they are or for highest and best use tear down or move the existing homes and replace them with three 18-20 bedroom weekly rentals for optimum rental income. Each of these homes should see a gross cap rate in excess of $450,000 annually. Let us show you a variety of house plans that have already proven to show the highest potential and give you a tour of some of these beautiful money makers. Taxes are for all three lots. A 2017 appraisal on file.

Elementary School

Middle School

High School

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Price History

6/29/2017 Listed $3,725,000

Bank Owned Y/n No
Construction Frame, Wood
Extras Beach Access, Ceiling Fan(s), Covered Decks, Outside Lighting
Financing Options Cash, Conventional
Listing Status Active
Style Bungalow
Subdivision Kill Devil Bch
Type Single Family - Detached
Zoning RES

Interior Features

Appliances Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Cooling Central
Full Baths 9
Furnishings Available Y/n Yes
Heating Central

Exterior Features

Flood Zone VE
Foundation Piling
Lot Description Beach Frontage, Water Frontage
Pool (Y/N) No
View Ocean
Water Municipal
Waterfront 150

Property Schools



Direct Link:

http://obxwaterfrontproperties.com/property/132-96954-1305-S-Virginia-Dare-Trail-Kill-Devil-Hills-NC-27948

Gallery (2 photos)

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Property vs Zip Code Avg (27948)

Price 3.72M Avg 429K

Sqr Feet 7,205 Avg 1,916

Cost / Sqr Ft $517 Avg $224

Taxes $16,588 Avg $2,292

Visits 234 Avg 432

Days on Site 87 Avg 151

Walkscore® 40 Avg 27

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Listing Provided Courtesy Of: Jim Soles @ Soles Realty OBX




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Location & Address

Waterfront Properties OBX
P.O. Box 2059
Kitty Hawk, NC
252-562-9109
888-266-3006