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    787 Broad Street , Unit #25

    Corolla, NC 27927
    • $685,000
    • STATUS: Active
    • ON SITE: 188 days
    • MLS #: 107746
    UPDATED: 82 min ago
    $685,000
    • 8
      BEDS
    • N/A
      ACRES
    • 6
      BATHS
    • 2
      1/2 BATHS
    • 4,975
      SQFT
    • $138
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1998
    County:

    School Ratings & Info

    Description

    TWO HOMES IN ONE! Over $69,000 in annual rental income on the books for 2020! 787 Broad Street is a luxury style home located in the prestigious gated community of Buck Island in Corolla, NC. Immaculate, modern and completely updated on both sides, this home offers the perfect opportunity to own a second home and a vacation rental all in one. Rent one side and use one side for your own personal enjoyment! Each side features 4 bedrooms and 3 bathrooms, game room, one car garage, hot tub, private decks, laundry room, and an open concept kitchen/dining/living area. The furniture and dcor are absolutely stunning throughout the entire home and shows the care and hard work the current owners have put into this beautiful property. Both sides have had several updates and improvements done; cork flooring, bamboo flooring, NEW carpet and modern tile flooring throughout, granite counters in both kitchens and in all bathrooms, all stainless steel appliances (contact agent for full list) making this home a true, turn-key gem! New Trex type decking material installed on front steps for both units this spring. Each side earns approximately $34K in annual gross rental income. New rental projection has this home grossing over $86,000 ($43,000 per side) in annual rental income for 2020 making this an incredible investment opportunity! Conveniently located within walking distance to the beach, dining, shopping and entertainment in Corolla as well as all of the community amenities that Buck Island has to offer: community pool, tennis and basketball courts, playground and beach cabana service. Beautifully landscaped with great curb appeal, this home is an EXCELLENT INVESTMENT OPPORTUNITY and is in EXCELLENT CONDITION! Reserve peak summer weeks on one side for yourself and still be able to generate rental income from the other side! **Buck Island is a golf cart friendly community, use the garage space on either side to store yours!** To view the 3D tour of the B side copy and paste this address in your browser: https://my.matterport.com/show/?m=YCNU1oSsi1d - To view the 3D tour of the A side copy and paste this address in your browser: https://my.matterport.com/show/?m=nRP7NQ9vJsd

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    © 2020 Outer Banks Association of Realtors MLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Outer Banks Realty Group. Data last updated: 2020-07-13T14:37:44.78.
    www.outerbanksrealtygroup.com/homes/102047877
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    787 Broad Street , Unit #25 Corolla, NC 27927

    • Price: $685,000
    • Status: Active
    • Updated: 82 min ago
    • MLS #: 107746
    8
    Beds
    6
    Baths
    2
    ½ Baths
    N/A
    Acres
    4,975
    SQFT
    $138
    $/SQFT
    1998
    Built
    Neighborhood:
    Bi-Buck Island
    County:
    Currituck
    Area:
    Corolla Oceanside
    Property Description
    TWO HOMES IN ONE! Over $69,000 in annual rental income on the books for 2020! 787 Broad Street is a luxury style home located in the prestigious gated community of Buck Island in Corolla, NC. Immaculate, modern and completely updated on both sides, this home offers the perfect opportunity to own a second home and a vacation rental all in one. Rent one side and use one side for your own personal enjoyment! Each side features 4 bedrooms and 3 bathrooms, game room, one car garage, hot tub, private decks, laundry room, and an open concept kitchen/dining/living area. The furniture and dcor are absolutely stunning throughout the entire home and shows the care and hard work the current owners have put into this beautiful property. Both sides have had several updates and improvements done; cork flooring, bamboo flooring, NEW carpet and modern tile flooring throughout, granite counters in both kitchens and in all bathrooms, all stainless steel appliances (contact agent for full list) making this home a true, turn-key gem! New Trex type decking material installed on front steps for both units this spring. Each side earns approximately $34K in annual gross rental income. New rental projection has this home grossing over $86,000 ($43,000 per side) in annual rental income for 2020 making this an incredible investment opportunity! Conveniently located within walking distance to the beach, dining, shopping and entertainment in Corolla as well as all of the community amenities that Buck Island has to offer: community pool, tennis and basketball courts, playground and beach cabana service. Beautifully landscaped with great curb appeal, this home is an EXCELLENT INVESTMENT OPPORTUNITY and is in EXCELLENT CONDITION! Reserve peak summer weeks on one side for yourself and still be able to generate rental income from the other side! **Buck Island is a golf cart friendly community, use the garage space on either side to store yours!** To view the 3D tour of the B side copy and paste this address in your browser: https://my.matterport.com/show/?m=YCNU1oSsi1d - To view the 3D tour of the A side copy and paste this address in your browser: https://my.matterport.com/show/?m=nRP7NQ9vJsd
    Exterior Features

    Construction FrameWood Exterior Cement Fiber Board Extras Ceiling Fan(S)Hot TubJet TubLandscapedLawn SprinklersOutside ShowerInside Laundry Room Foundation PilingSlab Lot Description Level Parking Off StreetParking LotPaved Pool Association Pool Pool YN Yes Roads PavedPrivate Roof Asphalt/Fiber Shingle Style ContemporaryReverse Floor Plan Waterfront Location More Than 5th Row

    Interior Features

    Air Conditioning CentralHeat PumpZoned Appliances DishwasherDisposalDryerMicrowaveRange/OvenRefrigerator W/Ice MakerStackable Washer/DryerWasher Counter Tops Granite Floor Coverings CarpetCorkTileWood Furnishings Available YN Yes Heating CentralHeat PumpZoned Interior Features 9' CeilingsAll Window TreatmentsCathedral Ceiling(S)Cedar Closet(S)Gas ConnectionGas FireplaceMaster BathPantryWalk in Closet Optional Rooms Game Room

    Property Features

    Annual Rental Income 86920 Association Amenities Common AreaGated CommunityOcean AccessOutdoor-Comm. PoolOutdoor-Comm. TennisPlayground Association Fee Includes Common ElectricCommon InsuranceGrounds MaintenanceManagementRoad MaintenanceSecurityTennis Courts Association Fee YN Yes Bank Owned YN No Builder Bd&A Estimated Annual Fee 6572 Financing Options CashConventional Flood Zone X Full Subdivision Name Buck Island - Charleston Place Lease Terms Weekly Possession At Closing Potential Short Sale No Primary Residence YN No Rental Cottage Name Twice The Fun I & II Rental Performance 0.1269 Residential Type Single Family - Detached Sewer Septic Municipal Sewer Tax Year 2019 Taxes 4204.4 Water Municipal Zoning Res

    Listing courtesy of Mandy Robinson of Outer Banks Realty Group.


    © 2020 Outer Banks Association of Realtors MLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Outer Banks Realty Group. Data last updated: 2020-07-13T14:37:44.78.
     
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    Outer Banks Realty Group
    PO Box 3009
    Kitty Hawk NC, 27949