Introducing one of the most unique investment offerings on Wrightsville Beach. Located just steps from the sand, 12 Nathan Street features six grandfathered rental units on a valuable 50x90 R2-zoned lot. The property includes: Four 1-bedroom units in the main house Two 2-bedroom units in a detached accessory dwelling unit (ADU) All six units are currently leased at strong rental rates, providing immediate cash flow. Detailed financials are available upon request. This is a unique opportunity to: Renovate and reposition the property as a high-yield short-term rental portfolio, capitalizing on Wrightsville Beach's thriving vacation market Or, for developers, redevelop the lot into a luxury duplex with potential ocean views to the east over Crystal Pier and west-facing views of Banks Channel Short-term rental projections available from MiraMar Vacation Rentals upon request. Opportunities of this scale and flexibility are seldom available in Wrightsville Beachdon't miss your chance to invest in one of North Carolina's most desirable beach communities.
MLS # | 100513730 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1941 |
Days On Site | 27 |
Listing Provided By | Cadence Realty Corporation | Ross Tomaselli |
Bed(s) | 8 |
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Bath(s) | 6 |
N/A | 3,682 |
Story(s) | 2 |
Units | 4 |
Zoning | R2 |
Acreage | 0.11 |
Property View | Sound View, Ocean |
Cooling Yes / No | Yes |
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Cooling | Wall/Window Unit(s) |
Heating Yes / No | Yes |
Heating | Propane, Forced Air |
Interior Features | Ceiling Fan(s) |
Roof | Architectural Shingle |
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Construction Materials | Block, Asbestos |
Foundation Details | Block |
Attached Garage Yes / No | No |
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Parking Features | Gravel, Aggregate |
State | NC |
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County | New Hanover |
City | Wrightsville Beach |
Zip Code | 28480 |
Area | New Hanover |
Community Name | Not In Subdivision |
School District | Hoggard |
Elementary School | Wrightsville Beach |
Middle School | Noble |
High School | Hoggard |