$660,000
$685,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
787 Broad Street #Unit #25 Corolla, NC 27927
8 Beds
7 Baths
4,975 SqFt
Key Details
Sold Price $660,000
Property Type Single Family Home
Sub Type Single Family - Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 4,975 sqft
Price per Sqft $132
Subdivision Bi-Buck Island
MLS Listing ID 107746
Sold Date 02/02/21
Style Contemporary,Reverse Floor Plan
Bedrooms 8
Full Baths 6
Half Baths 2
HOA Fees $547/ann
Year Built 1998
Annual Tax Amount $4,204
Tax Year 2019
Property Description
POSITIVE CASH FLOW & TWO HOMES IN ONE! 12.5% ROI! Over $86,000 in annual rental income on the books for 2020! 787 Broad Street is a luxury style home located in the prestigious gated community of Buck Island in Corolla, NC. Immaculate, modern and completely updated on both sides, this home offers the perfect opportunity to own a second home and a vacation rental all in one. Rent one side and use one side for your own personal enjoyment! Each side features 4 bedrooms and 3 ½ bathrooms, game room, one car garage, hot tub, private decks, laundry room, and an open concept kitchen/dining/living area. The furniture and décor are absolutely stunning throughout the entire home and shows the care and hard work the current owners have put into this beautiful property. Both sides have had several updates and improvements done; cork flooring, bamboo flooring, NEW carpet and modern tile flooring throughout, granite counters in both kitchens and in all bathrooms, all stainless steel appliances (contact agent for full list) making this home a true, turn-key gem! New Trex type decking material installed on front steps for both units this spring. Each side earns approximately $43K in annual gross rental income making this an incredible investment opportunity! Conveniently located within walking distance to the beach, dining, shopping and entertainment in Corolla as well as all of the community amenities that Buck Island has to offer: community pool, tennis and basketball courts, playground and beach cabana service. Beautifully landscaped with great curb appeal, this home is an EXCELLENT INVESTMENT OPPORTUNITY and is in EXCELLENT CONDITION! Reserve peak summer weeks on one side for yourself and still be able to generate rental income from the other side. Buck Island is a golf cart friendly community, use the garage space on either side to store yours! To view the 3D tour of the B side copy and paste this address in your browser: https://my.matterport.com/show/?m=YCNU1oSsi1d - To view the 3D tour of the A side copy and paste this address in your browser: https://my.matterport.com/show/?m=nRP7NQ9vJsd
Location
State NC
County Currituck
Area Corolla Oceanside
Zoning Res
Interior
Interior Features 9' Ceilings, All Window Treatments, Cathedral Ceiling(s), Cedar Closet(s), Gas Connection, Gas Fireplace, Master Bath (Ensuite), Pantry, Walk in Closet
Heating Central, Heat Pump, Zoned
Cooling Central, Heat Pump, Zoned
Flooring Carpet, Cork, Tile, Wood
Appliance Dishwasher, Disposal, Dryer, Microwave, Range/Oven, Refrigerator w/Ice Maker, Stackable Washer/Dryer, Washer
Exterior
Exterior Feature Ceiling Fan(s), Hot Tub, Jet Tub, Landscaped, Lawn Sprinklers, Outside Shower, Inside Laundry Room
Garage Off Street, Parking Lot, Paved
Pool Association Pool
Amenities Available Common Area, Gated Community, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Playground
Waterfront Description More than 5th row
Roof Type Asphalt/Fiber Shingle
Building
Lot Description Level
Foundation Piling, Slab
Sewer Municipal Sewer
Water Municipal
Structure Type Cement Fiber Board
Others
Acceptable Financing Conventional
Listing Terms Conventional
Financing Cash,Conventional
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Bought with Holly Henry-West • CENTURY 21 Nachman Realty