$1,375,000.00 1603 Lake Park Boulevard S

Agent's Comments

The Harris Group is excited to present this fully remodeled and furnished turn-key 4-Unit Ocean-Access Quadplex located on the Texas Ave beach access in Carolina Beach. Located adjacent to the CB/KB pipeline, ''Surf Station'' is built on one of the most popular beach access surfing locations on the island. This opportunity is perfect for a 1031 exchange, investor looking to capture Bonus Depreciation via Cost Seg study, or anyone looking for a fully functioning turn-key AirBNB or Mid/Long term rental multifamily property. No HOA, Not in a flood zone despite being just 27 steps from the beach, potential value-add opportunity in that zoning permits ability to build UP, and property is constructed with cinderblock firewall between units which could potentially allow for units to be broken into individually condos. Currently lined for 8 parking spots, has room for 9 spaces. Built in 1955, this former longterm/midterm multifamily rental had never flooded prior to the No Name storm of September 24, but did get water intrusion during that historic storm, and has been fully renovated with new subfloor, LVP, trim, drywall and paint, kitchens, bathrooms, vanities, water heater. In addition, owners also completed new roof, facia, soffit, furniture and staging, AC enclosures, back deck and walkways to beach, and is currently turnkey and ready to rent.