$932,000

707 Canal Drive

Carolina Beach NC, 28428

Description

ICWW front multifamily with adjacent vacant lot located a close to public beach access. Residence includes TWO separate 3-bed 2-bath units (2670 sqft combined), plus an additional boathouse with full bath and kitchenette; boathouse and both units are separately metered. Duplex units provide expanded options for owner occupancy, long and short-term rental income; boathouse offers a studio for visiting owners when duplex units are occupied. Currently: upper unit is rented weekly, lower unit is rented monthly and boathouse is used by visiting owner and guests. The residence water structures including three slips, deck, gazebo and boathouse are all authorized installations under grandfathered status, extreme duty concrete bulkhead and piling reinforcements are in place to preserve future rights. For commercial fishermen & dive enthusiast, boathouse is equipped with 3-phase electric suitable for commercial grade equipment & high demand vessels. Proactive updates including roof replacement, new windows, damage resistant tile and concrete floors, etc; the boathouse roof & structural elements have been recently updated to the extent allowed by grandfathered status (<50%). With many of the core systems updated, the new owners can concentrate on interior & decor preferences. 707 Canal has more dry land area than many lots on Canal, a rare benefit. Adjacent vacant lot is also available including 2 slips & rare privately owned boat ramp with full concrete approach + good water depth, ramp was reinforced with substantial poured concrete just before legal restrictions. Residence & vacant lot parcels are zoned R-1 that permits single family and two family structures. The properties combine to offer a truly unique opportunity for owner occupancy, income and future development.

Details

MLS#100230902
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusContingent
Year1970
Days On Site41

Features

Bed(s)6
Bath(s)4 Full / 1 Half
SQ Feet2,670
Story(s)2.0
Acreage0.18
Water FrontYes
Property ViewYes

Additional Information

Ocean FrontNo
Ocean ViewNo
Water AccessNo
Bonus RoomNo
Boat SlipNo
Master DownYes
Finished Room Over GarageNo
HOANo
FireplaceNo
Great RoomYes
FencingYes
PorchYes
SunroomNo
DeckYes
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Area Information
StateNC
CountyNew Hanover
CityCarolina Beach
Zip Code28428
AreaNew Hanover
Community NameOther
Elementary SchoolCarolina Beach
Middle SchoolMurray
High SchoolAshley
Listing VS Median (in Other)
Price:
$932,000
low | high
Med:
$99,200
100% of Average
SqFt:
2,670
low | high
Med:
426
100% of Average
$ / SqFt:
$349
low | high
Med:
$58
100% of Average
On Site:
41
low | high
Med:
597.5
6.861924686192% of Average
Listing Updated: 09/19/2020
Jeff E Terry LogoMLS Number: 100230902
Listing Provided By:
Jeff E Terry  of  Diligent Realty LLC
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