47013 Buxton Back Road

    Buxton, NC 27920
    • $550,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: 99867
    UPDATED: 21 min ago
    $550,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1980
    County:

    School Ratings & Info

    Description

    Hard not to consider this opportunity! Long time tenant pays monthly rent, all property taxes, insurances, and upkeep. Who wouldn't want a tenant like that! Bank has occupied the building since construction in 1980 and typically renews lease in 5 year increments. Current monthly income to owner is $3,700, or $44,400 a year; an 8% annual return on your investment. Property includes two parcels, one with that includes the building and another that includes some of parking spaces on the corner of Highway 12 and the Back Road. Pin numbers include 053607598475 and 053607598574. Taxes and tax value on listing include both parcels.

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    © 2018 Outer Banks Association of Realtors MLS. Information is deemed reliable but not guaranteed by the MLS or MattMyatt.com.
    www.mattmyatt.com/homes/82135774

    47013 Buxton Back Road Buxton, NC 27920

    • Price: $550,000
    • Status: Active
    • Updated: 21 min ago
    • MLS #: 99867
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1980
    Built
    Neighborhood:
    Buxton Oceanside
    County:
    Dare
    Area:
    Buxton Oceanside
    Property Description
    Hard not to consider this opportunity! Long time tenant pays monthly rent, all property taxes, insurances, and upkeep. Who wouldn't want a tenant like that! Bank has occupied the building since construction in 1980 and typically renews lease in 5 year increments. Current monthly income to owner is $3,700, or $44,400 a year; an 8% annual return on your investment. Property includes two parcels, one with that includes the building and another that includes some of parking spaces on the corner of Highway 12 and the Back Road. Pin numbers include 053607598475 and 053607598574. Taxes and tax value on listing include both parcels.
    Exterior Features

    Construction Frame Foundation Slab Lot Description Additional Land AvailableCornerLevel Parking Garage 1-25 SpacesParking LotPaved Roads PavedPublic Roof Asphalt/Fiber Shingle Waterfront Location None

    Interior Features

    Air Conditioning CentralHeat Pump Floor Covering Carpet Heating CentralElectricHeat PumpZoned

    Property Features

    Bank Owned YN No Business Or Real Estate Bldg/Land Simple Commercial Type Other Current Use Bank Estimated Income 44400 Financing Options CashCommercial Flood Zone Ve Gross Income Range $30001 - $60000 Land Value 113900 Permitted Use Professional Possession At ClosingSubject To Tenancy Potential Short Sale No Sewer Septic Private Sewer Tax Year 2017 Taxes 2075.94 Tenant Pays CableElectricMaintenanceSeptic/SewerTaxesWaterOther-See Remarks Total Assessed Value 301600 Water Municipal Water Zoning C - 3

    Listing courtesy of Carla Reynolds of Nc 12 Realty.
    © 2018 Outer Banks Association of Realtors MLS. Information is deemed reliable but not guaranteed by the MLS or MattMyatt.com.
     
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