20
See all 20 photos
$1,775,000
Est. payment /mo
9,016 SqFt
New
124 Summerlin LN Holly Ridge, NC 28445
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Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,016 sqft
Price per Sqft $196
Subdivision Not In Subdivision
MLS Listing ID 100615740
Year Built 2012
Lot Size 2.770 Acres
Acres 2.77
Lot Dimensions 219.52x490.27x213.45x150.79x705.34x293.16
Property Sub-Type Multi Family
Source Hive MLS
Property 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.
Location
State NC
County Onslow
Community Not In Subdivision
Zoning R-8M
Direction When on hwy 17, turn onto Old Folkstone Rd. Travel about 2.2 miles and then turn left onto Summerlin Lane, continue past Branson Way Rd and duplexes are on the right.
Location Details Mainland
Interior
Heating Electric
Exterior
Garage No
Building
New Construction No
Others
Tax ID 760-44.2
Special Listing Condition Standard
Listed by Better Homes and Gardens Real Estate Treasure 4
Nearby Locations
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