MLS # 107376
3401 S Virginia Dare Trail
Nags Head, NC 27959
$909,000
7
Bedrooms
5
Bathrooms
2,951
Sq. Ft.

About This Property

Investors don't walk, run, to view this 7 bedroom 5 bath rental machine consistently generating OVER 90k a year in income. Angel's Landing produced a hefty $97,890 in 2017, $90,220 in 2018, and $92,316 the books for 2019. Current owner rents as 6 bedrooms for less wear and tear, but home is really 7 bedrooms. This means your investors could generate EVEN MORE rental income (see projection on file).This home is in great location in the heart of Nags Head adjacent to the Nags Head Fishing Pier a local's favorite spot for surfing (awesome surf break), fishing, and dining. Some key features, besides rental income, are the following: home sits on a long deep lot, low maintenance vinyl siding,14x33 private pool on the oceanside, hot tub on 2nd level, upgraded interior features, amazing ocean views, and vegetated dune. Recent upgrades: Brand New Hot Water Heater and New Vinyl Siding Spring 2018 and Granite Countertops, New Baths, Flat Screen TV's, & Sectional Couch 2017. Top Level boasts; open great room with a wall of windows on 3 sides capturing lots of natural light and the tremendous ocean views, 51" flat screen tv, kitchen is updated with newer stainless steel appliances, granite countertops, and breakfast bar for additional seating, game room with billiard table, and shared full bath. Mid Level: 4 bedrooms - Two of which are oceanfront masters with private access to oceanside decks and hot tub. Two additional bedrooms, both have private access to a sunset deck, shared full bath and washer/dryer. Ground Level: 2 bedrooms, shared full bath, ground level dry entry, and 14x33 private pool. Walking distance to restaurants and shopping located at mile post 11.5. Owners block out weeks and use as 6 bedroom instead of 7,so potential for more income. Sun projects almost $100,000 if buyer truly wants to maximize income. *****To view short property video copy and paste link below: https://my.matterport.com/show/?m=r3R54BXebVo&brand=0 To view aerial video copy and paste link below: https://youtu.be/EhKL7IL42IQ

Property Details

MLS:
107376
Address:
3401 S Virginia Dare Trail
Town:
Nags Head
Price:
$909,000
Estimated Monthly Mortgage:
$4,133/mo.
Listing Agent:
Vandermyde, Heather
Listing Company:
Coldwell Banker Seaside Realty - KDH
Area:
Nags Head Oceanside
Subdivision:
Pier One
Waterfront Location:
Oceanfront
Oceanside Location:
 
Soundside Location:
 
Bedrooms:
7
Baths:
5 Full / 0 Partial
Heated Area:
2,951 Sq ft.
Year Built:
1996
Rental Co:
Sun Realty
Rental Cottage Number:
488
Annual Income:
$99,700
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