1502 Lumina Ave N - Apartments FOR SALE


Wrightsville Beach, NC 28480
$1,795,000 USD
910-409-3605
1502 Lumina Ave N, Wrightsville Beach, NC for Sale
$1,795,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

1502 Lumina Ave N
Wrightsville Beach, NC 28480


OVERVIEW

Welcome to The Bungalow, a beautifully updated Wrightsville Beach cottage that exudes coastal charm and sophistication. Fully renovated in 2021 by Konrady and Son Construction, this unique property is a grandfathered duplex situated on an expansive R2 lot. Developed by Wrightsville Beach Abodes, known for their bespoke accommodations, The Bungalow offers a premier retreat for modern travelers. Managed by Mirar Mar Vacation Rentals, this property is exceptionally well-positioned as a turnkey investment. Each of the two refined units combines comfort and style, featuring contemporary updates and generous outdoor living spaces, perfect for enjoying the coastal lifestyle. The design allows for ample outdoor areas, providing both units with serene settings to relax and entertain. The two-door garage offers abundant storage, ensuring convenience and functionality. The elegant upstairs unit features a gourmet kitchen, full bath, dining area, master bedroom, spacious living room with additional sleeping accommodations, and a wrap-around porch/back deck, all designed for comfort and style. The charming downstairs unit includes a fully equipped kitchen, full bath, dining area, cozy bedroom, inviting living room with a pullout sofa, and a private fenced-in backyard, offering a peaceful retreat. Both units are tastefully furnished and ready for immediate rental, with detailed 2023 & 2024 YTD rental performance available upon request and signature of confidentiality agreement. The Bungalow is an ideal hands-free lifestyle investment for successful professionals seeking a vacation home that supports itself in one of the East Coast's most desirable beach destinations. With both units coming fully furnished, this property represents a seamless and sophisticated investment opportunity. Embrace the chance to own a piece of Wrightsville Beach's charm and elegance with The Bungalow. Agent Remarks: Do not visit property without scheduling a showing. Property has active bookings through summer season. Tours must be scheduled by appointment only.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$1,214 USD /SF

# OF UNITS

2

PRICE/UNIT

$897,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Bungalow

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R2

APN/PARCEL ID

R05813-009-009-000

ASK ABOUT THIS PROPERTY

Will DaubeCadence Realty CorpMore Info
910-409-3605

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Will DaubeCadence Realty CorpMore Info
910-409-3605

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.