Property Description
This multi-use building is what every business needs in a prime location in KDH on the highway with an Annual Average Daily Traffic of 37,000 vehicles (NCDOT). Employee housing up top, center of town showroom or storage on the ground floor. Annual lease rental income is currently $2000/month and the ground floor has historically rented for $1200/month, potential annual rents of $38,000. You cannot get that rental performance from any other house for the price in the heart of Kill Devil Hills. The current tax value is $479,000. Already considered in the price are residential comparables, as well as the existing need for new septic, windows, water heater, siding, interior cosmetic finishes and various repairs, while it currently remains functional enough for rental income. Command light on this thriving business intersection. Adjoining lot is listed for sale MLS#127695. Multiple tenants with different schedules live at this property. Please do not enter the building without appointment. Central heating and cooling are for the ground floor shop area only; electric baseboard and window units are for heating and cooling in the residence. Existing window units convey. No septic information is available from Dare County. Home has had four bedrooms since built, and based on tank size, we have listed the home as four bedrooms.
Property Basic Details
Beds |
4 |
House Size |
0.14 |
Price |
$ 374,900 |
Area |
Kill Devil Hills b/w Hwys |
Unit/Lot # |
Lot 22 |
Furnishings Available |
No |
Sale/Rent |
S |
Status |
Active |
Full Baths |
2 |
Partial Bath |
1 |
Year Built |
1971 |
Property Features
Financing Options |
Cash Conventional |
Flood Zone |
X |
Water |
Municipal |
Possession |
Close Of Escrow |
Lease Terms |
1 Year |
Zoning |
C |
Tax Year |
2024 |
Property Taxes |
2233.26 |
HOA Contact Name |
None |
Exterior Features
Construction |
Frame |
Foundation |
Piling |
Roads |
Paved Public |
Interior Features
Air Conditioning |
Window Unit(s) |
Heating |
Baseboard Heat Pump |
Appliances |
Range/Oven Refrigerator |
Floor Plan
Property Type |
Single Family Residence |
Location
City |
Kill Devil Hills |
Area |
Kill Devil Hills b/w Hwys |
County |
Dare |
Subdivision |
Lake Drive Dev |
ZIP |
27948 |
Parking
Parking |
Paved Off Street |
Garage |
Asphalt |