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Rick Kinne
Village Realty Holdings LLC
Nags Head, NC 27959

252-256-2670
Contact Me

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Listing 30 out of 209
$3,725,000 For Sale

1305 S Virginia Dare Trail
Kill Devil Hills, NC 27948

16 beds, 9 full, 2 partial baths | Single Family Home
7,205 sq ft - MLS# 96954
Property Photo
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Description

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.

Features

  • Property Type: Single Family Home
  • Sub Type: Single Family - Detached
  • Listing Status: Active
  • Listing Price: $3,725,000
  • County/Area: Dare County
  • Zip Code: 27948
  • Year Built: 1940
  • Subdivision/Neighborhood: Kill Devil Bch
  • Sq.Ft.: 7,205 sq ft
  • Style: Bungalow
  • Bedrooms: 16
  • Baths (full): 9
  • Baths (partial): 2
  • View: Ocean
  • Waterfront: Oceanfront
  • Zoning: RES
  • Area: Kill Devil Hills Oceanside
  • Air Conditioning: Central
  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Construction: Frame, Wood
  • Counter Tops: Laminate
  • Extras: Beach Access, Ceiling Fan(S), Covered Decks, Outside Lighting
  • Foundation: Piling
  • Heating: Central
  • Lot Description: Beach Frontage, Water Frontage
  • Roads: Paved, Public
  • Sale/Rent: For Sale
  • Unit/Lot #: Lot #3,4,5
  • Water: Municipal
  • Water Frontage: 150 ft.
  • Waterfront Location: Oceanfront
Courtesy of Soles Realty Obx, Jim Soles



Rick Kinne | 252-256-2670 | Contact Me
5301 S Croatan Hwy, P.O. Box 31 - Nags Head, NC 27959
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