5611 E Oak Island Drive, Oak Island, NC 28465

$999,900
8,589
SqFt
List Price
$999,900
Status
ACTIVE
MLS#
100191444
Price Change
▼ $49,100 1580262764
Days on Market
109
Year Built
1983
Half-baths
19
Living Area
8,589
Acres
0.64
Neighborhood
Not In Subdivision

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!

Additional Information

Cooling
See Remarks, Wall/Window Unit(s)
Heating
Electric, Forced Air, Other-See Remarks
Water Heater
Electric
Floors
Carpet, LVT/LVP
Lot Water Features
None
Sewer
Municipal Sewer, Municipal Water

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Re/Max At The Beach / Oak Island.

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