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2405 Ocean Drive, Emerald Isle, NC 28594

$849,000

Bedrooms: 4
Bathrooms: 4
Sq. Ft.: 1,998
Type: Single Family Home
Request Information
Stunning views from this multifunctional property. Over $75k in rental revenue for 2017 and growing. Five star reviews. Perfect for families or investors. See ''More''. This property is a multi-function residence usable as a whole single family home, or two separate 2 bedroom, 2 bath units. Each side has 2 bedrooms, 2 bathrooms, open concept living room, dining area, and full kitchens. Each side also has floor to ceiling rear windows and glass doors giving the house an awesome view of the ocean. The high dunes protect the house from storm surge. The house sits up very high so you see right over the dunes, straight into the emerald waters of the Atlantic. We have been renting the house through VRBO since January 2017. We lived in the right side of the property until the end of May when we made the whole house available for renting. With 10 months of almost solid bookings on the left side, and 4 months of solid bookings on the right side, we have on the books $75,000 gross rental income for 2017. If we had rented out the right side as well in the spring, we project another $20,000 in rental income. We expect both sides to be fully booked through the end of October, and at minimum the weeks of Thanksgiving and Christmas. Those weeks will increase the rental income by at least $10,000. All together, we project a gross rental income of $105,000 per year. What makes this property so special is the size and multiple listing potential. Large families can rent the entire house as one unit, or smaller groups can rent just one side by locking the interior connecting door. Left side details: Master with new king bed, shelving, TV, and glass-paned exterior door. The master en suite bathroom has a shower and updated vanity top. Guest bedroom has a queen bed, new shelving, and lockable connecting door to the other side. The living room has a new TV, DVD player, new shelving, new area rug, new art, and a new exterior door. The dining area has new chairs for 4 guests. The kitchen has all new kitchenware and zero clutter. Reverse osmosis filter under the sink in the kitchen. Washer and brand new dryer. The right side has been more completely remodeled. All new interior paint, furniture, TVs, vinyl-plank flooring (looks like hardwood but is waterproof, perfect for the beach!), new stainless appliances, a reverse osmosis filter in kitchen, a fully remodeled guest bathroom with shower/tub combo, a remodeled master bathroom with mirrored cabinet, glass tile backsplash, new glass-paned rear exterior doors in living/bedroom, new area rugs, and new art. King bed in the master and two twins in guest bedroom. Washer and dryer. A new roof was installed in 2017 and new exterior paint and trim repair in 2017. New AC unit on the left side in 2016. Added outside hot water shower under the house. The deck is up to code with repairs done in early 2016. Foot wash on the dune walk. Back deck furniture and beach toys convey. Under the house is completely open with parking for up to 8 vehicles, or 4 smaller boats. New 4 burner Weber grill under the house. Hot water hose in the front of the carport for rinsing vehicles. We provide linen service for our guests. All linens convey to the buyer and include: 2 full sets of sheets and blankets for each bed, 20+ bath towels, 20+ hand towels, 20+ wash cloths, 10+ kitchen hand towels, 10+ kitchen washcloths, 12+ beach towels, 10+ bath mats, 1 winter-weight comforter for each bed. We offer this house complete as it is, ready for the renters already booked and more in the future. The house is ready to go, nothing needs to be done immediately, and the renters will continue to give 5 star reviews. Just step in and take the revenues. Check out our VRBO listings to see our calendars, reviews, and property descriptions. Left side: VRBO #934807, right side: VRBO #1038710, whole house: VRBO #934780. Showings available only on Saturdays between 1:30-2:45pm. FIRM. We have renters coming in at 3pm so all showings must be complete by 2:45pm so our renters are not inconvenienced. Thank you for considering our property. Come take a
Property Features
Location Information
County: Carteret
Latitude: 34.676315
Longitude: -76.952544
Subdivision: Not In Subdivision
Directions: Emerald Dr. heading North, turn right onto 25th St.. Turn left onto Ocean Dr. 2405 is on Right. Ocean Front
Interior Features
Interior: 1st Floor Master, Ceiling Fan(s), Furnished, Smoke Detectors
Full Baths: 4
Dining Room Description: Combination
Number of Fireplaces: 0
Fireplace Description: None
Heating: Heat Pump
Cooling: Central
Floors: Carpet, See Remarks, Vinyl
Appliances: Ice Maker, Microwave - Built-In, Refrigerator, Stove/Oven - Electric, Washer
Exterior Features
Stories: 1.0
Construction: Wood Frame
Foundation: Pilings
Roof: Architectural Shingle
Water / Sewer: Municipal Water, Septic On Site
Parking Description: On Site, Paved
Lot Size in Acres: 0.26
Lot Size in Sq. Ft.: 11, 238
Zoning: R-20
Road Frontage: Paved, Public (City/Cty/St)
Lot Water Features: Ocean Front, Ocean Side, Ocean View
Has Waterfront: yes
Is One Story: yes
School
Elementary School: White Oak
Middle School: Broad Creek
High School: Croatan
Additional Information
Square Feet Estimate: 1, 998
Property Type: SFR
Property SubType: Single Family Residence
Year Built: 1984
APN: 0
Status: Active
Subdivision Amenities: No Amenities


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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Seller's Representative:
Coldwell Banker First Realty
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The data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) program of North Carolina Regional MLS, LLC, and is updated as of the date and time shown below. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Information Is Deemed Reliable But Is Not Guaranteed And Should Be Independently Verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Castro Real Estate Team - Coldwell Banker Sea Coast Realty shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.
NC Regional MLS data last updated at November 24, 2017 2:00 PM ET