$650,000
- Beds
- 4
- Baths
- 2.0
- sq ft
- 1,480
411 Mercer St, Oak Island, NC 28465
411 Mercer St
Oak Island, NC 28465
- 103 days on market
- Price drop $45,000↓
Discover your ideal island property with a total projected income of $56,000! Located at 411 Mercer St in the Yaupon Beach section of Oak Island, this gem is within walking distance to beach access, restaurants, shopping, ice cream shops, and bars. Nestled just 0.4 miles from Southeast North Carolina's sandy coast, this duplex offers a prime location and modern amenities.
Completely remodeled from the studs in 2022/23, both units are equipped with contemporary comforts. The front unit, known as Duck Dive OKI, is a popular Airbnb listing that generated $24,000 in its first year. Also a guest favorite, earning a 5-star rating and has bookings into fall. The back unit, Teil Castle, is currently used by the owner and projections performed by a local STR property management firm show potential income of $31,000.
System upgrades include new plumbing, electrical, roofing (including sheathing), and HVAC systems. Both units feature tankless electric water heaters, individual water and electric meters, and can lighting throughout with dimmers in the back unit(both inside and out). The roof and hvac systems have transferable warranties as well as a transferable termite bond.
The property benefits from cost savings with one tax parcel, one insurance policy, and is being sold furnished (with exclusions). Each unit has separate off-street parking and wash stations for returning from the beach. The back unit boasts a permitted 12x26 screened porch, an 8x16 side porch, a fenced backyard, a shed wired for electricity, and an outdoor shower. Additionally, it features a reverse osmosis drinking water system.
This duplex is a perfect blend of convenience, modern upgrades, and coastal charm, making it an excellent primary, secondary or investment opportunity!
Details
Property type
Single Family Residence
Lot size
8,451 sq ft
Price per sq ft
$440
Year built
1972
Annual property taxes
$1,278.08
Price History
06/24/2024
NorthCarolinaRegional #100449217
Price change
$650,000
-6.47%
06/08/2024
NorthCarolinaRegional #100449217
Listed
$695,000
06/07/2024
NorthCarolinaRegional #100445687
Removed
$695,000
Schools & Community
Elementary school:Â
Southport
Middle school:Â
South Brunswick
High school:Â
Unknown
High school district:Â
Brunswick County Schools
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Status: Active
Tomo last checked: 09/19/2024 at 5:50 PM
Listing updated: 09/01/2024 at 10:17 AM
Listed by: Josh R Roth, Swanson Realty-Brunswick County Phone #:Â (910) 454-4450
MLS: NorthCarolinaRegional #100449217
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