UPDATED:
11/11/2024 04:50 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,472 sqft
Price per Sqft $242
Subdivision Pelican Point
MLS Listing ID 100465449
Style Wood Frame
Bedrooms 3
Full Baths 3
HOA Y/N No
Originating Board North Carolina Regional MLS
Year Built 1973
Annual Tax Amount $1,848
Lot Size 0.650 Acres
Acres 0.65
Lot Dimensions 110x262x110x260
Property Description
This newly renovated ranch home offers a unique opportunity for both homeownership and rental income. Situated on a spacious .65-acre lot with deeded water access, this property, built in 1973, provides a blend of modern living and investment potential. With three bedrooms and two baths in the main house and a separate one-bedroom, one-bath apartment with a private entrance, this home is perfect for multi-family living or generating rental income.
The main house, ideal for a couple or small family, features an open-concept design with a chef's kitchen complete with high-end KitchenAid appliances, a gas stovetop, and stylish fixtures.The private boat ramp at end of the street provides direct access to the Intracoastal Waterway (ICWW), making this property a dream for boating enthusiasts. The expansive yard and deck are ideal for outdoor activities, adding to the appeal of coastal living.
The separate apartment, equipped with its own kitchen and private entrance, is perfect for short-term rentals like Airbnb or long-term tenants, offering flexibility for rental income. A new HVAC system will ensure year-round comfort, enhancing the property's appeal to renters and occupants alike.
Located in a desirable school district and offering ample parking, this property is well-positioned for both convenience and long-term value appreciation. Whether you're interested in managing short-term rentals or securing long-term tenants, the combination of modern amenities, deeded water access, and prime location makes this home a strong investment opportunity.
Contact us today to learn more about this rare opportunity in Wilmington's competitive real estate market!
Location
State NC
County New Hanover
Community Pelican Point
Zoning R-15
Direction Oleander to Pine Grove. To Masonboro Loop Road, Left on Pelican Point. Home is on the left.
Location Details Mainland
Rooms
Other Rooms Shed(s)
Basement Crawl Space
Primary Bedroom Level Primary Living Area
Interior
Interior Features Master Downstairs, 2nd Kitchen, Apt/Suite, Ceiling Fan(s)
Heating Heat Pump, Fireplace Insert, Fireplace(s), Electric, Forced Air, Propane, Zoned
Flooring LVT/LVP, Tile
Fireplaces Type Gas Log
Fireplace Yes
Appliance Wall Oven, Stove/Oven - Electric, Refrigerator, Ice Maker, Cooktop - Gas
Exterior
Parking Features Concrete, Paved
Pool None
Waterfront Description Deeded Water Access,Water Access Comm
Roof Type Shingle
Porch Open, Deck, Porch
Building
Lot Description Dead End
Story 1
Entry Level One and One Half
Sewer Municipal Sewer
Water Municipal Water
New Construction No
Schools
Elementary Schools Masonboro Elementary
Middle Schools Myrtle Grove
High Schools Hoggard
Others
Tax ID R07213-002-010-000
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition None
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