$1,775,000

124 Summerlin Lane

9,016 Sq.Ft. 2.77 Acres

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Description

Five duplexes. Ten rental units. One investment opportunity in Holly Ridge. This approximate 2.77-acre property features ten single-story residences, each with two bedrooms and two full bathrooms. Years built were 2012, 2016, 2019 ,2022 . Seller reports approximately $15,000 in total monthly gross rental income, or $180,000 annualized before expenses. Located a few minutes from Sneads Ferry, less than 10 minutes from North Topsail Beach, and 25 Minutes from Jacksonville make this a desirable location. Close to shopping, entertainment, and easy commutes to major cities. Built between 2012 and 2022 the duplexes features include metal roofs, slab foundations, central electric heating and air, exterior utility rooms, and a shared driveway and parking area. The two-bedroom, two-bath layouts provide flexibility for a variety of rental needs. Public water is indicated in available utility records, and shared septic systems serve the property. Buyers should verify current occupancy, leases, income, expenses, and utility and septic arrangements. Rental income is seller reported and is not a guarantee of future performance.

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Location

124 Summerlin Lane, Holly Ridge, NC 28445

Status

For Sale

ANA SCOTT

TITLE

Broker In Charge

PHONE

(910) 545-5119

[email protected]

CONTACT AGENT

Property Amenities

Area & Lot

Total area 9,016 Sq.Ft.

Lot Area 2.77 Acres

Living area 9,016 Sq.Ft.

MLS® ID 100615740

Year Built 2012

Type Commercial

Status For Sale

Exterior

Heat type Electric

Sewer Septic Tank

Finance

Sales Price $1,775,000

Real Estate Tax $9,438 yearly

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SNEADS FERRY

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how can we help?

The Better Homes and Gardens Real Estate Treasure team is a group of trusted local experts who know the area intimately and who help their clients find just the right place for a second home, investment property, or year round residence. Using our vast knowledge of the rules and regulations of living along the coast, we work diligently to educate our buyers and sellers to ensure they have the smoothest transaction possible. Other services include commercial real estate and long term rental property management. Contact us today!

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