4 bedroom house for sale

Discover your ideal island investment property! Located at 411 Mercer St in the Yaupon Beach section of Oak Island, this gem is within walking distance to restaurants, shopping, ice cream shops, and bars. Nestled just 0.4 miles from Southeast North Carolina's sandy coast, this duplex offers a prime location and modern amenities. Completely remodeled from the studs in 2022/23, both units are equipped with contemporary comforts. The front unit, known as Duck Dive OKI, is a popular Airbnb listing that generated $21, 000 in its first year, earning a 5-star guest favorite rating and has bookings into August. The back unit, Teil Castle, is currently used by the owner but projects an annual rental income of $31, 000. System upgrades include new plumbing, electrical, roofing (including sheathing), and HVAC systems. Both units feature tankless electric water heaters, individual water and electric meters, and can lighting throughoutwith dimmers in the back unit, both inside and out. The roof and hvac systems have transferable warranties as well as a transferable termite bond. The property benefits from cost savings with one tax parcel, one insurance policy, and is being sold furnished (with exclusions). Each unit has separate off-street parking and wash stations for returning from the beach. The back unit boasts a permitted 12x26 screened porch, an 8x16 side porch, a fenced backyard, a shed wired for electricity, and an outdoor shower. Additionally, it features a reverse osmosis drinking water system. This duplex is a perfect blend of convenience, modern upgrades, and coastal charm, making it an excellent investment opportunity!