319 W Ocean Acres Drive, Kill Devil Hills, NC 27948

$549,000
4
BD
4
BA

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List Price
$549,000
Price Change
▼ $25,000 1784080493
MLS#
132588
Status
(10) ACTIVE - ACTIVE
Type
Multifamily
Property Type
Multi-Family 2-4 Units
Bedrooms
4
Bathrooms
4
Full-baths
4
Neighborhood
Ocean Acres Tract 3

Property Description

Great Investment! Money Maker! This duplex sits on a generous corner lot. Framed by mature trees and a wide sweep of open space, the property immediately gives off a sense of possibilities—part home, part opportunity. Whether you’re an investor seeking reliable income or a homeowner looking to offset your mortgage, this property quietly checks every box. Each unit offers a thoughtfully designed 2-bedroom, 2-bath layout that balances comfort with practicality. Step into the upper unit and you’re greeted by an airy living space that feels both bright and welcoming. The true highlight, though, is the expansive screened porch—an ideal spot for morning coffee, evening unwinding, or hosting friends without ever worrying about the elements. It’s the kind of feature that turns a rental into a retreat, making it especially appealing to long-term tenants or an owner-occupant who values a private outdoor escape. Downstairs, the lower unit has its own charm. A smaller screened porch offers a cozy nook for quiet moments, while the direct access to outdoor space creates a natural extension of the home. There’s room here for a garden, a seating area, or even a small fenced yard—details that renters notice and appreciate. The connection to the ground-level surroundings gives this unit a distinct personality, making it just as desirable in its own way. The large corner lot is more than just a backdrop—it’s an asset. Extra parking potential, and room to expand or enhance, it opens the door to future improvements or increased value over time. Tucked neatly on the property, a storage shed provides practical space for tools, seasonal items, or tenant use, adding yet another layer of convenience. From an investment perspective, the flexibility is where this duplex truly shines. Live in one unit and rent out the other to significantly reduce your monthly expenses, turning homeownership into a more manageable—and even strategic—financial move. Alternatively, rent both units and enjoy a steady stream of income from a property designed to attract and retain tenants. The dual-unit setup is a smart addition to any real estate portfolio. In a market where versatility and value are increasingly rare, this duplex stands out as a property that adapts to your goals. Whether you’re starting your investment journey, expanding it, or simply looking for a home that helps pay for itself, this corner-lot duplex is ready to deliver. Currently generating $49K in steady annual income with projection of $54K! No septic worries-connected to town sewer. All windows replaced 2023 for enhanced energy efficiency and storm resilience. What a bargain!

Additional Information

Appliances
Countertop Range, Range/Oven, Refrigerator, 2nd Refrigerator, Stackable Washer/Dryer
Foundation
Piling
Interior Features
Lot Description
Corner Lot, Level
Optional Rooms
Utility Room
Roof
Asphalt
Sewer
Septic Tank
Style
Coastal
Zip
27948
Neighborhood
Ocean Acres Tract 3
Year Built
1976
County
Dare

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Calculator source: Real Geeks

Listing courtesy of Howard Hanna Outer Banks Realty.

Listed by Lynn Bulman

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