510 W St George ST Southport, NC 28461
10 Beds
9 Baths
5,268 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,268 sqft
Price per Sqft $322
Subdivision Not In Subdivision
MLS Listing ID 100590676
Style Wood Frame
Bedrooms 10
HOA Y/N No
Year Built 2019
Lot Size 0.252 Acres
Acres 0.25
Lot Dimensions 61x208x57x194. 59x194x54x181
Property Sub-Type Quadruplex
Source Hive MLS
Property Description
The opportunity pencils two ways: projected at $150,000 gross on all annual leases, or blend in short-term rentals on two units and the pro forma reaches $181,250 gross -- roughly a 7.2% projected cap at asking.
Newer construction keeps maintenance light, tenants pay their own utilities, and Oak Island's beaches are minutes away. A walkable, water-view income property with a licensing moat around it -- the kind of Southport offering that comes along once a cycle.
Pro forma projections available; buyers to verify all figures and rental permissions. Offered at $1,699,900.
Location
State NC
County Brunswick
Community Not In Subdivision
Zoning SP-MF
Direction Driving on W St George property will be on right.
Location Details Mainland
Rooms
Basement None
Interior
Interior Features Kitchen Island
Heating Heat Pump, Electric, Forced Air
Cooling Central Air, Heat Pump
Flooring LVT/LVP
Furnishings Negotiable
Appliance Electric Oven, Electric Cooktop, Refrigerator
Laundry Dryer Hookup, Washer Hookup
Exterior
Parking Features Shared Driveway, Gravel
Garage Spaces 4.0
Pool None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront Description None
View Pond
Roof Type Shingle
Porch Patio, Porch
Garage Yes
Building
Lot Description Interior Lot
Entry Level One
Foundation Slab
Water Public
Level or Stories 1
New Construction No
Schools
Elementary Schools Southport
Middle Schools South Brunswick
High Schools South Brunswick
Others
Tax ID 237la02885
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations