411 Mercer ST Save Request In-Person Tour Request Virtual Tour
Oak Island,NC 28465
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,480 sqft
Price per Sqft $422
Subdivision Yaupon Beach
MLS Listing ID 100449217
Style Wood Frame
Bedrooms 4
Full Baths 2
Year Built 1972
Annual Tax Amount $1,278
Lot Size 8,451 Sqft
Property Description
Discover your ideal island property with a total projected income of $56,000! Located at 411 Mercer St in the Yaupon Beach section of Oak Island, this gem is within walking distance to beach access, 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 $24,000 in its first year. Also a guest favorite, earning a 5-star rating and has bookings into fall. The back unit, Teil Castle, is currently used by the owner and projections performed by a local STR property management firm show potential 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 throughout with 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 primary, secondary or investment opportunity!
Location
State NC
County Brunswick
Community Yaupon Beach
Zoning R-9
Rooms
Ensuite Laundry In Kitchen
Interior
Laundry Location In Kitchen
Heating Electric,Heat Pump
Cooling Central Air
Flooring LVT/LVP,Tile
Fireplaces Type None
Laundry In Kitchen
Exterior
Garage Gravel,Off Street
Utilities Available Water Connected,Sewer Connected
Waterfront No
Roof Type Architectural Shingle
Building
Story 1
Foundation Slab
Sewer Municipal Sewer
Water Municipal Water
New Construction No
Schools
Elementary Schools Southport
Middle Schools South Brunswick
High Schools South Brunswick
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None