Description
Offered for sale in a prime location near the Scenic Walkway on 20th Street of Oak Island is this package deal to own 5 lots totaling .93 acres that currently have two income producing properties already in place. Lots 1, 2, 3, 4 and 67 are the lot numbers situated between 19th street and 20th street with all of the road frontage on E Oak Island Drive along with Lot 67 on 19th street. 1902 E Oak Island Drive is a duplex offering 1 bedroom/1 bathroom per side, this is the older unit and most of the value is in the corner lot that it is situated on. In addition another duplex at 1906 E Oak Island Drive offers 2 bedrooms and 1 bath per side. 1906 features vinyl siding and a roof less than 2 years old and offers great income potential. Note both properties are currently below market rents but the rental potential is the key, keep just 1906 and sell off the 4 other lots or renovate both duplexes and sell off the other lots or build on 5 of these lots. This is your opportunity to own a piece of Oak Island and with the 20th Street Scenic Walkway just a few steps away it makes it prime real estate out of the flood zone but just a short walk to the beach. Please note that all units are tenant occupied so appointments are required. Lot 1 is .183 acres, Lot 2 is .162 acres, Lot 3 is .226 acres, Lot 4 is .2 acres, Lot 67 is .15 acres for a total of .93 acres according to Brunswick County GIS. Call today to make it yours!
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6BEDS
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0.93ACRES
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4BATHS
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01/2 BATHS
School Information
Description
Offered for sale in a prime location near the Scenic Walkway on 20th Street of Oak Island is this package deal to own 5 lots totaling .93 acres that currently have two income producing properties already in place. Lots 1, 2, 3, 4 and 67 are the lot numbers situated between 19th street and 20th street with all of the road frontage on E Oak Island Drive along with Lot 67 on 19th street. 1902 E Oak Island Drive is a duplex offering 1 bedroom/1 bathroom per side, this is the older unit and most of the value is in the corner lot that it is situated on. In addition another duplex at 1906 E Oak Island Drive offers 2 bedrooms and 1 bath per side. 1906 features vinyl siding and a roof less than 2 years old and offers great income potential. Note both properties are currently below market rents but the rental potential is the key, keep just 1906 and sell off the 4 other lots or renovate both duplexes and sell off the other lots or build on 5 of these lots. This is your opportunity to own a piece of Oak Island and with the 20th Street Scenic Walkway just a few steps away it makes it prime real estate out of the flood zone but just a short walk to the beach. Please note that all units are tenant occupied so appointments are required. Lot 1 is .183 acres, Lot 2 is .162 acres, Lot 3 is .226 acres, Lot 4 is .2 acres, Lot 67 is .15 acres for a total of .93 acres according to Brunswick County GIS. Call today to make it yours!
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