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$3,000,000
5 Oceanic Street
Wrightsville Beach, NC 28480
MLS# 100437091
6 beds  |  5 baths  |  3041 sqft

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5 Oceanic Street, Wrightsville Beach, NC 28480
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Property Description
Welcome to 5 Oceanic Street, a rare gem nestled in the heart of downtown Wrightsville Beach. This luxurious triplex epitomizes coastal living at its finest, offering immediate income potential and unparalleled convenience just steps from the Atlantic Ocean.Each of the three units has been meticulously renovated and updated with luxury in mind, offering modern amenities and coastal charm throughout. From the side-by-side 2-bedroom shotgun style units on the first floor to the spacious 2-bedroom unit with open floor plans and antique pine floors upstairs, every detail exudes elegance and sophistication. All units are sold fully furnished with HIGH end professional interior design selections making this a true ''turn-key'' investment.This historic building, though age-old, has been transformed into a fortress of modern comfort, ensuring durability and longevity for discerning buyers. With two coveted parking spaces per unit, convenience is paramount for both residents and guests alike.Indulge in the vibrant beach lifestyle with renowned dining destinations such as Tower 7 and the iconic King Neptune's just a stone's throw away. Sweetwater surf shop and Jimmies add to the allure, offering endless opportunities for entertainment and exploration.Perfect for the astute investor seeking both immediate income and long-term flexibility, this property presents the option to renew the lease or even occupy one of the units while renting out the others. Don't miss this unparalleled opportunity to own a slice of paradise in Wrightsville Beach, where luxury, convenience, and coastal charm converge in perfect harmony. *Perfect opportunity to ''house hack'' and or take over operating the property as a short term or midterm rental. Solid rental history and future rental income projections are VERY strong. This property is ready to perform for you and your family or portfolio!

Details
Maps
Contract Info
Status: Active
Delayed Marketing?: No
Delayed Marketing Date (DM): 2024-04-05
Sub-Type: Triplex
Listing Price: 3000000
Current Price: $3,000,000
List Price/SqFt: 986.52
Sub Agent Comm $/%: %
Buyer Agent Comm: 2.5
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 5
Street Name: Oceanic
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28480
City Limits: Yes
Marketing City: Wrightsville Beach
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.208473
Geo Lon: -77.794903
Remarks and Showing
Directions to Property: Wrightsville Beach, first house on Oceanic St next to Neptunes parking Lot.
Sign on Property: Yes
Building Info
New Construction: No
Property Exterior/Interior Info
Lot Acres: 0.08
Lot SqFt: 3528
Lot Dimensions: 64x55x64x55
Waterfront: No
Waterview: Yes
Location Type: Island
# Bedrooms: 6
# Baths - Total: 5
SqFt - Heated (Primary): 3041
# Total Units: 3
Stories: 2
Owner Occupied: No
Property Mgmt Company: Yes
Financials Available: Yes
Legal and Taxes
Tax Assessed Value: 745000
Deed Book: 6608
Deed Page: 1292
Legal: LOT 3 BLK 102 WRI BCH EXT
Broker Owner: No
PID: R06308-015-009-000
Tax Identifier: R06308-015-009-000
Total Real Estate Property Taxes: 4040.14
Special Assessments: N/A
Tax Year: 2023
Year Built: 1945
Zoning: R-2-WB
HOA: No
Cobra Zone: No
Elementary School: Wrightsville Beach
Middle School: Noble
High School: Hoggard
Garage & Parking
Driveway Spaces: 4
Side/Unit 1
Total Rooms: 4
# of Bedrooms: 2
Full Baths: 1
Avg SqFt: 753
Furnished: Yes
Rent: 4000
Occupied: Yes
Side/Unit 2
Total Rooms: 4
# of Bedrooms: 2
Full Baths: 1
Avg SqFt: 778
Furnished: Yes
Rent: 4000
Occupied: Yes
Side/Unit 3
Total Rooms: 4
# of Bedrooms: 2
Full Baths: 2
Half Baths: 1
Avg SqFt: 1329
Furnished: Yes
Rent: 6000
Occupied: Yes
Property Features
Frontage Type: See Remarks
Handicap Accessible: None
View Type: Canal View; Ocean View; See Remarks; Sound View; Water View
Attic: Access Only
Basement: None
Construction: Block
Exterior Features: None
Exterior Finish: Block; Vinyl Siding; Wood Siding
Fencing: Back Yard; Partial; Wood
Foundation: Slab
Fuel Tank: None
Parking Features: Off Street; On Site; Shared
Patio and Porch Features: Balcony; Covered; Deck; Patio; Porch; See Remarks
Roof: Architectural Shingle
Stories/Levels: 2nd Floor
Lot Description: See Remarks
Road Type/Frontage: Public (City/Cty/St)
Lot Water Features: Ocean Side
Cooling: Central
Heating: Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Municipal Sewer; Municipal Water
Sewer: Connected
Appliances/Equip: Cooktop - Electric; Dishwasher; Stove/Oven - Electric; Vent Hood; See Remarks
Fireplace: None
Flooring: Tile; Wood
Furnished: Furnished
Interior Features: 1st Floor Master; 2nd Kitchen; Apt/Suite; Blinds/Shades; Ceiling Fan(s); Kitchen Island; Pantry; Smoke Detectors; Walk-in Shower; Wash/Dry Connect
Laundry Location: Closet; Hall; Hookup - Dryer; Hookup - Washer
Dining Room Type: Kitchen
Side/Unit 1 Cooling: Central
Side/Unit 1 Heating: Electric; Heat Pump
Side/Unit 1 Appliance: Cooktop - Electric; Dishwasher; Microwave Built-In; Refrigerator; Stove/Oven - Electric; Vent Hood
Side/Unit 1 Features: Living Room; Patio/Balcony/Deck; W/D Hookup
Side/Unit 1 Rent Frequency: Monthly
Side/Unit 1 Owner Pays: Insurance
Side/Unit 2 Cooling: Central
Side/Unit 2 Heating: Electric; Heat Pump
Side/Unit 2 Appliance: Cooktop - Electric; Dishwasher; Microwave Built-In; Refrigerator; Stove/Oven - Electric; Vent Hood
Side/Unit 2 Features: Kitchen; Living Room; Patio/Balcony/Deck; W/D Hookup
Side/Unit 2 Rent Frequency: Monthly
Side/Unit 2 Owner Pays: Insurance
Side/Unit 3 Cooling: Central
Side/Unit 3 Heating: Electric; Heat Pump
Side/Unit 3 Appliance: Cooktop - Electric; Dishwasher; Microwave Built-In; Refrigerator; Stove/Oven - Electric
Side/Unit 3 Features: Dining Room; Extra Storage; Kitchen; Living Room; Patio/Balcony/Deck; W/D Hookup
Side/Unit 3 Rent Frequency: Monthly
Side/Unit 3 Owner Pays: Insurance
HOA and Neigh Amenities: No Amenities
Terms: Cash; Conventional; Seller Financing

Listing Office: Keller Williams Innovate-Wilmington

Last Updated: June - 20 - 2024

5 Oceanic Street, Wrightsville Beach, NC 28480 - MLS# 100437091
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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