705 Canal Drive, Carolina Beach, NC 28428

$1,464,000
6
BD
4
BA
2,670
SqFt
List Price
$1,464,000
Status
PENDING WITH SHOWINGS
MLS#
100230877
Days on Market
42
Year Built
1970
Levels
Two
Bedrooms
6
Bathrooms
4
Full-baths
4
Living Area
2,670
Acres
0.36
Neighborhood
Other

Property 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. The lot has 2 slips and rare privately owned boat ramp with full concrete approach + good water depth, ramp was reinforced with substantial poured concrete just before legal restrictions. 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. 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.

Additional Information

Available Amenities
See Remarks
Interior Features
None
Cooling
Central
Heating
Heat Pump
Floors
Concrete, Tile
Foundation
Pilings, Slab
Roof
Architectural Shingle
Exterior Finish
Brick Veneer, Composition
Exterior Features
Boat Dock, Boat Ramp, Boat Slip, Bulkhead, Canal Front, Canal View, ICW Front, ICW View, Sailboat Accessible, Second Row, Sound Front, Sound Side, Water Depth 4+, Covered, Deck, Porch
Waterfront
Yes
Utilities
Municipal Sewer, Municipal Water
Lot Water Features
Boat Dock, Boat Ramp, Boat Slip, Bulkhead, Canal Front, Canal View, ICW Front, ICW View, Sailboat Accessible, Second Row, Sound Front, Sound Side, Water Depth 4+
Elementary School
Carolina Beach
Middle School
Murray
High School
Ashley

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Diligent Realty Llc.

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