Property Description
This high-yield investment property in Ocean Acres presents a rare opportunity for savvy investors seeking strong returns and long-term growth. Generating $66,000 in annual income with room to expand, this property includes three distinct rentable rooms plus a leased storage shed, all thoughtfully renovated and ideally located. The main home features a spacious three-bedroom, two-bath upstairs with modern finishes and generous living space. The rental room on the ground level has one bedroom, one bath with a separate flex space/office, offers a private entrance, full kitchen (no stove), and in-unit laundry. The third rentable room is a charming one-bedroom, with one bath, and a great room/kitchen (no stove). A separate storage shed/ workshop is also leased for added income. Recent renovations showcase luxury vinyl flooring, stylish vanities, artsy tilework, and a sleek backsplash. The exterior is low-maintenance with vinyl siding, a large yard, and shared outdoor space. Located just steps from the Nags Head Woods Nature Preserve, this property appeals to renters who value both natural beauty and convenience. The Ocean Acres stoplight location provides easy access to shopping, dining, and all the Outer Banks has to offer. Whether you're expanding your portfolio or capitalizing on the area's growing rental demand, this property is a must-see for investors ready to unlock its full potential. All improvements have been thoughtfully completed with proper permits and full town approval, ensuring compliance with local building codes and zoning regulations. From structural updates to mechanical systems, every detail has been professionally executed and inspected for peace of mind.
Property Basic Details
| Beds |
5 |
| House Size |
0.29 |
| Price |
$ 599,900 |
| Area |
Kill Devil Hills Westside |
| Unit/Lot # |
Lot #1 |
| Furnishings Available |
No |
| Sale/Rent |
S |
| Status |
Active |
| Full Baths |
4 |
| Year Built |
1973 |
Property Features
| Financing Options |
Cash Other-See Remarks |
| Flood Zone |
X |
| Water |
Municipal |
| Zoning |
RL |
| Tax Year |
2024 |
| Property Taxes |
1183.87 |
| HOA Contact Name |
None |
Exterior Features
| Construction |
Manufactured (Mobile) Wood Siding |
| Roads |
Paved Public |
Interior Features
| Air Conditioning |
Multi Units |
| Heating |
Mini-Split |
| Appliances |
Dishwasher Dryer Microwave Range/Oven Refrigerator Washer 2nd Dishwasher 2nd Refrigerator |
| Otional Rooms |
Library Office Studio |
| Extras |
Ceiling Fan(s),Sun Deck |
Floor Plan
| Property Type |
Single Family Residence |
Location
| City |
Kill Devil Hills |
| Area |
Kill Devil Hills Westside |
| County |
Dare |
| Subdivision |
Ocean Acres Tract 3 |
| ZIP |
27948 |
Parking
| Parking |
Off Street Unpaved |
| Garage |
Asphalt |
