For Sale
$1,075,000

410 Anderson BlvdHolly Ridge, NC 28445

High-yield, turnkey short-term rental.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Topsail Beach, NC investment opportunity presents a rare triplex, ideally situated on an 8,407 sq ft lot at 410 S Anderson Blvd, 28445. The property, built in 1970, boasts a total of 2,578 sq ft across three units: a 4-bedroom, 2-bathroom unit, and two 2-bedroom, 1-bathroom units. Currently operating as a highly profitable short-term rental business, this turnkey property comes fully furnished, eliminating the need for extensive upfront investment. The property's strong financial performance is reflected in its impressive $120,000 NOI and 11.16% cap rate, with an asking price of $1,075,000 ($416.99/sq ft and $358,333.33 per unit). The two-story building is zoned R-4 and offers convenient second-row access to the beach. A seller concession of 2% is available to assist with off-season carrying costs or property improvements, and a 1.25% lender credit may be available under specific terms and conditions. This is a truly exceptional opportunity for investors seeking a high-return, immediately operational short-term rental property in a prime coastal location. The property's strong rental history further solidifies its investment potential.

Highlights

  • Highly profitable short-term rental triplex currently in operation.
  • Turnkey property, fully furnished.
  • Asking price: $1,075,000; Cap rate: 11.16%; NOI: $120,000.
  • Three units: one 4 bed/2 bath, two 2 bed/1 bath units.
  • Located in Topsail, NC, second row from the beach with nearby beach access.

Property Details for 410 Anderson Blvd

Property type
Residential income homes, Apartment buildings
Square Feet
2,578 SF
Year Built
1970
Buildings
1
Stories
2
Units
3

Location Insight

City
Holly Ridge
County
Pender
State
North Carolina
Latitude
34.37025752164
Longitude
-77.624067014802
410 Anderson Blvd, Holly Ridge, North Carolina

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410 Anderson Blvd
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