$1,850,000
Carolina Beach, NC 28428
MLS# 100315264
Status: Closed
12 beds | 12 baths | 3894 sqft
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Property Description
**Due to multiple offers the Seller requests final and best offers to be submitted by 5pm Thursday, March 10, 2022.** Here is an exciting opportunity to own an impeccably maintained boutique guest Inn located downtown Carolina Beach very close to the beach, restaurants, and shopping. This charming 2-story Inn has been remodeled inside and out keeping its authentic nostalgic feel yet offering modern amenities with 12 fully furnished guest rooms and sits on a 0.16-acre lot. Parking for one car per room is in front of the Inn with easy access to the rocking chair porch entry that include 4 large unique suites on the first floor with quaint kitchenettes and each with a private deck in the back overlooking a maintained fenced backyard. Second floor rooms boast a long-shared hallway with attractive decor located on both sides. The rooms facing north offer an airy covered porch filled with rocking chair southern charm and all second-floor rooms are furnished with a small refrigerator and microwave. This exceptional business and property are being sold tastefully furnished as a profitable turn-key rental business investment. With a pet friendly theme, the current owners have garnered an annual occupancy rate of 70% and a potential cap rate of 14%. Improvements include a new roof, exterior & interior painting, new central HVAC upstairs and individual energy efficient heating & cooling systems in the suites on the first floor. This business utilizes several channel managers for their reservation bookings with 60% repeat guests as they enjoy an average 5-star review status across all channels which include booking.com, expedia, trip-advisor and their own website which uses a hotel booking platform. Go ahead and explore for yourself and then take a tour of their website Carolina Beach Inn and come walk through the property in person!
Details
Maps
Contract Info
Sub-Type: Single Family Residence
Construction Type: Stick Built
Status: Closed
Marketing Start Date: 2022-03-04
Auction: No
Listing Price: 1850000
Current Price: $1,850,000
List Price/SqFt: 475.09
Stipulation of Sale: Standard
Location Information
Street #: 205
Street Name: Harper
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28428
City Limits: Yes
Marketing City: Carolina Beach
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.034833
Geo Lon: -77.89453
Remarks and Showing
Directions to Property: Highway 421 South to Carolina Beach. Right at Harper Ave. Take the first U-turn. Carolina Beach Inn is on the right. 205 Harper Avenue.
Sign on Property: No
Property Exterior Info
New Construction: No
Lot Acres: 0.16
Lot SqFt: 6970
Lot Dimensions: 85x77x84x82
Waterfront: No
Waterview: No
Location Type: Island
Property Interior Info
SqFt - Heated (Primary): 3894
Total SqFt - Heated (Primary + Separate): 3894
# Rooms: 12
# Baths - Full: 12
# Baths - Total: 12
# Bedrooms: 12
Master Bedroom Level: Primary Living Area
Stories: 2
Fireplace Y/N: No
Legal Taxes
Year Built: 1949
Status Change Info
Under Contract Date: 2022-03-11
Sold Price: $1,850,000
Sold Date: 2022-05-12
Current Service Providers
Electric Provider: Duke Progress Energy
Sewer Provider: City/Town
Water Provider: City/Town
Rooms
Bedroom 1 Level: Ground
Bedroom 10 Level: Second
Bedroom 2 Level: Ground
Bedroom 3 Level: Ground
Bedroom 4 Level: Ground
Bedroom 5 Level: Second
Bedroom 6 Level: Second
Bedroom 7 Level: Second
Bedroom 8 Level: Second
Bedroom 9 Level: Second
Other Level: Second
Property Features
Attic: Stairs - Pull Down
Basement: None
Construction: Wood Frame
Exterior Features: None
Exterior Finish: Asbestos; Wood Siding
Fencing: Back Yard; Brick; Wood
Foundation: Block; Crawl Space
Parking Features: Dirt; Street Only; Unpaved
Patio and Porch Features: Balcony; Covered; Deck; Porch
Pool Features: None
Roof: Membrane; Metal
Levels: Two
Cooling: Zoned
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Sewer Available; Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
Flooring: Wood
Interior Features: Apt/Suite; Blinds/Shades; Ceiling Fan(s); Furnished; Walk-in Shower
Security Features: Smoke Detector(s)
Laundry Features: In Hall; Laundry Room
Heated SqFt: 3500 - 3999
Dining Room Type: Combination
HOA and Neigh Amenities: No Amenities
Rooms: Bedroom 1; Bedroom 10; Bedroom 2; Bedroom 3; Bedroom 4; Bedroom 5; Bedroom 6; Bedroom 7; Bedroom 8; Bedroom 9; Other
Terms: Cash; See Remarks
Room Information
| Room Name | Length | Width | Level | Remarks |
| Bedroom 1 | 31.00 | 12.00 | Ground | #1 Seagull Suite |
| Bedroom 2 | 31.00 | 13.00 | Ground | #2 Pleasure Island Suite |
| Bedroom 3 | 31.00 | 11.00 | Ground | #3 Surfer Suite |
| Bedroom 4 | 31.00 | 17.00 | Ground | #4 Innkeepers Suite |
| Bedroom 5 | 12.00 | 10.00 | Second | #5 Captains Room |
| Bedroom 6 | 12.00 | 10.00 | Second | #6 Turtle Room |
| Bedroom 7 | 11.00 | 8.00 | Second | #7 Surfer Room |
| Bedroom 8 | 12.00 | 11.00 | Second | #8 Lighthouse Room |
| Bedroom 9 | 12.00 | 10.00 | Second | #9 Under the Sea |
| Bedroom 10 | 12.00 | 10.00 | Second | #10 Mermaid Room |
| Other | 12.00 | 10.00 | Second | #11 Fisherman Room |
| Other | 12.00 | 10.00 | Second | #12 Sailing Room |
Listing Office: The Property Shop International Realty
Last Updated: December - 03 - 2024
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