820 Highway 64/264

    Manteo, NC 27954
    • $399,500
    • STATUS: Active
    • ON SITE: 84 days
    • MLS #: 98595
    UPDATED: 50 min ago
    $399,500
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1954
    County:

    School Ratings & Info

    Description

    Exceptional investment opportunity. 4 rental properties PLUS a vacant lot. 3 are currently tenant occupied producing $37,200. The fourth cottage is vacant but previously rented for $10,200/annually . . . offering $47,400 in rental income potential! 820 A and 604 Harriot both face Hwy 64/264. Although they are currently used as residential rentals, all of the parcels are located in the B-2 General Business Zoning District, offering commercial rental options as well. 606 Harriot is currently under a commercial lease, and 820 B is currently vacant. Tenants pay all utilities and are currently on month-to-month leases. Great opportunity to continue to lease as-is, or for an employer to purchase and use as employee housing.

    Monthly Payment Calculator

    © 2018 Outer Banks Association of Realtors MLS. Information is deemed reliable but not guaranteed by the MLS or MattMyatt.com.
    www.mattmyatt.com/homes/79070005

    820 Highway 64/264 Manteo, NC 27954

    • Price: $399,500
    • Status: Active
    • Updated: 50 min ago
    • MLS #: 98595
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1954
    Built
    Neighborhood:
    Roanoke Park
    County:
    Dare
    Area:
    Manteo-S. of Airport Road
    Property Description
    Exceptional investment opportunity. 4 rental properties PLUS a vacant lot. 3 are currently tenant occupied producing $37,200. The fourth cottage is vacant but previously rented for $10,200/annually . . . offering $47,400 in rental income potential! 820 A and 604 Harriot both face Hwy 64/264. Although they are currently used as residential rentals, all of the parcels are located in the B-2 General Business Zoning District, offering commercial rental options as well. 606 Harriot is currently under a commercial lease, and 820 B is currently vacant. Tenants pay all utilities and are currently on month-to-month leases. Great opportunity to continue to lease as-is, or for an employer to purchase and use as employee housing.
    Exterior Features

    Construction Frame Foundation Slab Lot Description CornerLevel Parking Garage CarportPavedOff Street Roads PavedPublic Roof Asphalt/Fiber Shingle Waterfront Location None

    Interior Features

    Air Conditioning Central Heating ElectricForced AirHeat Pump

    Property Features

    Actual Income 37200 Bank Owned YN No Business Or Real Estate Bldg/Land Simple Commercial Type Multi Unit Current Use Bus & Resi Estimated Income 47400 Financing Options CashCommercial Flood Zone Ae Gross Income Range $30001 - $60000 Percent Of Units Leased 75% Possession At ClosingSubject To Tenancy Potential Short Sale No Sewer Septic Municipal Sewer Tax Year 2017 Taxes 3586 Tenant Pays CableElectricSeptic/SewerWater Total Assessed Value 430800 Water Municipal Water Zoning B-2 Genbus

    Listing courtesy of Bobby Harrell of Harrell & Associates.
    © 2018 Outer Banks Association of Realtors MLS. Information is deemed reliable but not guaranteed by the MLS or MattMyatt.com.
    MattMyatt.com
    510 Old Stoney Road
    Corolla NC, 27927