MLS # 107746
787 Broad Street
Corolla, NC 27927
$699,000
8
Bedrooms
6 Full
2 Partial
Bathrooms
4,975
Sq. Ft.

About This Property

TWO BEAUTIFUL AND LUXURIOUS HOMES in ONE! Sellers are MOTIVATED TO SELL! Bring an OFFER TODAY! Welcome to 787 Broad Street, 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 ½ bathrooms, game room, one car garage, hot tub, private decks, laundry room, and an open concept kitchen/dining/living area. The furniture and décor 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, bamboo, 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 to be 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!**

Property Details

MLS:
107746
Address:
787 Broad Street
Town:
Corolla
Price:
$699,000
Estimated Monthly Mortgage:
$3,178/mo.
Listing Agent:
Robinson, Mandy
Listing Company:
Outer Banks Realty Group
Area:
Corolla Oceanside
Subdivision:
BI-Buck Island
Waterfront Location:
More than 5th row
Oceanside Location:
 
Soundside Location:
 
Bedrooms:
8
Baths:
6 Full / 2 Partial
Heated Area:
4,975 Sq ft.
Year Built:
1998
Rental Co:
Village Realty
Rental Cottage Number:
 
Annual Income:
$86,920
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