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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 952 sqft
Price per Sqft $304
Subdivision Albemarle Sound Beach
MLS Listing ID 100550439
Style Steel Frame
Bedrooms 2
Full Baths 2
HOA Y/N No
Year Built 2024
Lot Size 3,485 Sqft
Acres 0.08
Lot Dimensions 42x95
Property Sub-Type Single Family Residence
Source Hive MLS
Property Description
The upper level is leased month-to-month at $1,300/month, providing instant cash flow. The lower-level studio (see floor plan) is currently vacant and was previously rented for $1,100/month, offering the opportunity to place a tenant immediately, adjust rental strategy, or reconfigure the space. There is potential tenant interest, allowing for a smooth transition if desired.
This efficiently designed home was built by one of the area's most reputable builders, Reliant Construction. With no wasted space, the layout offers an open, spacious feel on both the upper and lower levels, maximizing functionality and long-term rental appeal. Both levels are heated and cooled by efficient mini-split systems, helping keep operating costs low. The shared washer and dryer are located on the lower level, along with a water softener that services the entire home.
Centrally located between the Outer Banks and Elizabeth City, this property presents an excellent opportunity for employee or workforce housing, which is increasingly difficult to find in the area. Ideal for service industry professionals, healthcare workers, and OBX employees commuting to and from the beach.
Well suited for investors seeking immediate positive cash flow, local business owners needing workforce housing, or owners desiring flexibility with month-to-month tenancy and future repositioning.
Location
State NC
County Currituck
Community Albemarle Sound Beach
Zoning Sfm: Single-Family Reside
Direction Turn on Colonial Beach Rd. In .4 miles turn left on Michael Street. The house is on the left.
Rooms
Basement None
Interior
Interior Features 2nd Kitchen
Heating Other
Cooling Multi Units
Flooring LVT/LVP
Furnishings Unfurnished
Appliance Electric Oven, Water Softener, Refrigerator, Range, Dryer, Dishwasher, Cooktop, Electric Range
Laundry Dryer Hookup, Washer Hookup, Laundry Room
Exterior
Exterior Feature None
Parking Features See Remarks
Utilities Available Cable Available, Water Connected
Waterfront Description None
View See Remarks
Roof Type Architectural Shingle
Accessibility None
Porch None
Building
Lot Description Level
Entry Level Two
Foundation Other, Pilings
Water Well
Structure Type None
New Construction No
Schools
Elementary Schools Jarvisburg Elementary
Middle Schools Currituck County Middle
High Schools Currituck County High
Others
Tax ID 110c01200190000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby School & Business
- 6
Jarvisburg Elementary School
Public | PK - 5
- 0
Jarvisburg Christian Academy
Private | PK - 12
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