41933 Ocean View Drive , Lot 13

Description

With an amazing $212K booked YTD and a projection of 225k, be sure to come see this huge investment opportunity in the centralized town of Avon on Hatteras Island. Professionally decorated, sparing no expense with a full top to bottom renovation in 2023, sweeping panoramic ocean views, this spectacular home has been so well received by guests for the 2024 season. With traditionally warmer water, better fishing and incredible surfing later into the year on Hatteras Island the vacation rental time continues to be busy well beyond just the summer months. The current owner thoughtfully updated the house in 2023 to meet the needs of the guests. No more sharing bathrooms. All dated bathrooms were demolished and rebuilt with new plumbing and electrical lines. 5 bedrooms were renovated into master suites with attached bathrooms built with custom tile showers and vanities. The final bedroom is the kid's favorite with an Arcade and a full bath close by. Two of the beach-facing bedrooms were converted to provide private access to the newly built deck to enjoy the 180-degrees ocean views. Another half bath and ice maker hook-up were added near the great room as well as a second refrigerator both of which are guest favorites. Not to be outdone on the exterior, all new outdoor decks and stairs were installed as part of the upgrades. The rebuilt decks, both semi wraparounds, consist of a top-level sun deck with unobstructed views of the beach, where parents can watch their kids play at the beach. The 2nd level shaded deck holds the oceanfront hot tub with more magnificent views. The major addition to the house is the heated swimming pool. This heated pool when combined with a hot tub(new from 2023) represent the two biggest drivers of Spring and Fall rentals and potential growth in income. Final additions include extra parking, a full-size volleyball court, outdoor toilet and bath, new paint, new windows, new doors, new indoor/outdoor trims, new furniture etc. We'd also be remiss to omit mention of the Avon renourishment project, ensuring wide sandy beaches, solid dunes, and ample protection for your new, big money-making asset. Rental property investment is nothing more than a numbers game. Most purchases require buyers to keep paying into that game requiring constant updates and upgrades just for the chance to hit the desired ROI numbers. With $207K already on the books, all of the heavy lifting in terms of updating done, possible room for growth potential, not to mention an incredible rental package in place, walking distance to restaurants, Food Lion, stores, "Dolphin Watch" is that winning ticket when it comes to Outer Banks rental property investment. Please see associated documents for the full list of renovations totaling $561K.