411 Mercer Street, Oak Island, NC 28465

$695,000
4
BD
2
BA
1,480
SqFt
List Price
$695,000
Status
ACTIVE
MLS#
100449217
Days on Market
16
Year Built
1972
Levels
One
Bedrooms
4
Bathrooms
2
Full-baths
2
Living Area
1,480
Acres
0.19
Neighborhood
Yaupon Beach
Stipulations
None

Property Description

Discover your ideal island property! Located at 411 Mercer St in the Yaupon Beach section of Oak Island, this gem is within walking distance to 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 $21,000 in its first year, earning a 5-star guest favorite rating and has bookings into August. The back unit, Teil Castle, is currently used by the owner but projects an annual rental 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 investment opportunity!

Additional Information

Taxes
$1,278
Available Amenities
See Remarks
Appliances
Washer, Stove/Oven - Electric, Refrigerator, Microwave - Built-In, Dryer, Disposal, Dishwasher
Interior Features
Ceiling Fan(s), Furnished
Cooling
Central Air
Heating
Electric, Heat Pump
Floors
LVT/LVP, Tile
Foundation
Slab
Roof
Architectural Shingle
Exterior Finish
Brick, Vinyl Siding
Utilities
Water Connected, Sewer Connected
Water
Municipal Water
Sewer
Municipal Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Swanson Realty-Brunswick County.

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