The Atlantic Street Inn

MLS #:73236

MLS #

73236

Status

Active

Type

Single Family - Detached

Address

205 E Atlantic Street

Unit/Lot #

Lot # 3,

City

Kill Devil Hills

State

NC

Zip

27948

Area

Kill Devil Hills b/w Hwys

Class

RESIDENTIAL

Asking Price

$599,000

Sale/Rent

For Sale

Bedrooms

6

Full Baths

8

Lot Square Footage

7500

Approx. Sq. Ft.

2001-2500

Ann. Rental Income Range

$50001-70000

General Info

Atlantic Street Inn B & B

Pin #

989309060367

County

Dare

Agent

Cola F Vaughan - D: (252) 449-2652

Agent License #

77937

Listing Office 1

Cola F. Vaughan Realty - Main: (252)

449-2652

Rental Co

Managed by Homeowner

Rental Phone #

252-202-5974

Rental Cottage Name

Atlantic Street Inn

Year Built

1950

Lot Size/Dimensions

50 x 150

Street Frontage

50

Lot Faces (N,E,W,S)

N

Zoning

Commercial

Elementary School Dist

Nags Head Elementary

Middle School District

First Flight

High School District

First Flight

Subdivision

Kill Devil Bch

Full Subdivision Name

Kill Devil Beach Section 1 Revised

Lot #

3

Block

G

Section

1

Deed Book

1637

Deed Book Pg#

0149

Directions

205 East Atlantic, south side of Atlantic

Street, 2nd property west of Memorial.

Asking Price Per SqFt

276.67

Heated Living Area Sq Ft

2165

# of Units

6

Financial

Taxes

1812.58

Tax Year

2011

Total Assessed Value

$366,700

Land Value

$238,900

Furnishings Available Y/N

Yes

Annual Rental Income $

61,251

Income Hist. Year 1 2009  Income Hist. Year 1 $44,227.00

Income Hist. Year 2 2010 Income Hist. Year 2 $51,791.00

Income Hist. Year 3 2011 Income Hist. Year 3 $61,251.00

Rental Performnce Last Yr 0.0865

Rental Performance 0.1023

Remarks  

The Atlantic Street Inn is a classic Outer Banks home located in the heart of Kill Devil Hills with direct beach access. Totally renovated in 2006, this property is currently operated as a beach inn with six full-featured suites rented individually by the night. The Atlantic Street Inn generated over $60,000 in income in 2011. This unique property could also be rented as a single family home in a weekly rental program. Historically, revenue has increased by approximately 20% each year and projections for 2012 are as strong as ever. This one of a kind, must-see, turn-key property has numbers that work! MLS # 72326, offered

at $599,000.

 http://www.atlanticstreetinn.com/

Thumbnail Photos

Disclaimer

This information is deemed reliable but not guaranteed.