5611 E Oak Island Drive

    Oak Island, NC 28465
    • $999,900
    • STATUS: Active
    • ON SITE: 155 days
    • MLS #: 100191444
    UPDATED: 29 min ago
    $999,900
    • 0
      BEDS
    • 0.64
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,589
      SQFT
    • $116
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1983
    County:
    Area:

    School Ratings & Info

    Description

    Right in the heart of Oak Island's established coastal business district on 11 lots sits this actively popular turnkey motel featuring 17 well-equipped guest rooms plus 2 fully furnished, spacious 2-bedroom apartments which include private kitchen, bath, laundry and heat/air. Recently managed as a motel and a long-term/short term rental property, Oak Island Extended Stay has acquired a strong and consistent income from beach vacationers and numerous fluctuating term renters year-round. On-site outdoor swimming pool for guests and tenants in the summer months as well as laundry facilities. Only two blocks to the ocean and just a few steps to shopping and restaurants. An excellent market presence and sound investment opportunity!

    Monthly Payment Calculator



    © 2020 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2020-04-06T13:57:31.367.
    www.newmyrtlebeachrealestate.com/homes/100493705

    5611 E Oak Island Drive Oak Island, NC 28465

    • Price: $999,900
    • Status: Active
    • Updated: 29 min ago
    • MLS #: 100191444
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.64
    Acres
    8,589
    SQFT
    $116
    $/SQFT
    1983
    Built
    Neighborhood:
    Not In Subdivision
    County:
    Brunswick
    Area:
    Oak Island
    Property Description
    Right in the heart of Oak Island's established coastal business district on 11 lots sits this actively popular turnkey motel featuring 17 well-equipped guest rooms plus 2 fully furnished, spacious 2-bedroom apartments which include private kitchen, bath, laundry and heat/air. Recently managed as a motel and a long-term/short term rental property, Oak Island Extended Stay has acquired a strong and consistent income from beach vacationers and numerous fluctuating term renters year-round. On-site outdoor swimming pool for guests and tenants in the summer months as well as laundry facilities. Only two blocks to the ocean and just a few steps to shopping and restaurants. An excellent market presence and sound investment opportunity!
    Exterior Features

    Construction Brick/StoneWood Frame Location Cent Business DistrictCorner Location Type Island Lot Description Corner Lot Lot Dimensions 231X103x230x139 Lot Water Features None Number Of Parking Spaces 24 Parking Driveway LightedOn SitePaved Road Type Frontage MaintainedPavedPublic (City/Cty/St)

    Interior Features

    Attic Access Only Cooling System See RemarksWall/Window Unit(S) Flooring CarpetLvt/Lvp Heating System ElectricForced AirOther-See Remarks Water Heater Electric

    Property Features

    Auction No City Limits Yes Cobra Zone No Commercial Sub Type Hotel/Motel Federal Flood Ins Avlbl Yes Hoa Amenities Laundry FacilityPool - Outdoor Hoa YN No New Construction No Possession At Closing Sale Lease Includes BuildingsBusinessEquipmentFurnitureLand Sale Or Lease Sale Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2019 Terms CashConventional Water Sewer Municipal SewerMunicipal Water Zoning Commercial



    Listing information © 2020 NCRMLS
    Listing provided courtesy of Christopher J Kuhn of Re/Max At The Beach / Oak Island.


    © 2020 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2020-04-06T13:57:31.367.
     
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