Listing provided by: Bob Evans, Broker
Listing Brokerage: Bob Evans, Broker
1206 W Boundary Street Lot 6
Kill Devil Hills, NC 27948
$190,000
Sold
Overview
Almost two-thirds of an acre in the heart of Kill Devils. Zone LI2. This parcel qualifies for 7 multifamily units and a wide range of other uses. It has a septic permit for inexpensive gravity systems (three - 4 BR-480 GPD and one - 2 BR-240 GPD bed system) in place without expiration. See permit and email for details on the ground water which was found to require 12" of fill - 18" in a small area on the SE corner. The septic systems permitted are a huge cost savings. Last summer (2017) the rules changed dramatically and one could not obtain this approval anymore. Basically because you cannot use the repair area as the setback for the active area anymore. It would require almost twice as much space or a very expensive pre-treatment sewage plant. There is one active water meter. KDH has a work force housing ordinance and it would allow for reduced or eliminated fees (Water, Review, Building permit) for 5 of the seven units. One could build a multi-use project. Have your residence, workshop and have rental units - A wedding catering operation could operate from here. You could use one 4 BR system for your house, one for your shop, One for your wedding catering operation and the last 4 BR system and the 2 BR system for your 3 rental units. Open the box of possibilities here. Or keep it simple - the demand for small affordable rental units is now and always will be high. You could do seven 2 BR units with the town pitching in on the expenses and helping you to find the (very grateful) tenants and gross $84,000 plus a year. That is Oceanfront money without the huge weekly rental expenses and commission. You will see on the site plane TV TWR - I was going to put in a 40' aerial tower so that residents did not have to buy cable. Also, Silicone Travel said for $100 a month they would provide two internet services they would be adequate of the 14 bedrooms. These kind of amenities would go a long way to attract and keep the best tenants - The worker bees that need a break. You name it - basically if its legal in KDH - you can do it here. In associated docs there are a number of study plans to help you. If someone wishes to consult with an engineer I could email an Autocad drawing Version 2015 to aid them in their consulting review. Price per square foot and almost unlimited potential makes this a "best buy" for a wide range of buyers. Owner is a Licensed NC Real Estate Broker ...
Beds
Full Baths
0 ft2
0.61 acre lot
Details
General
Stories
Bedrooms
Bathrooms
full, partial
Square footage
0 sq. ft.
Lot size
0.61 acre lot
Pool
No
Year built
Other
Type
Land
Listing information
MLS #
101853
APN
988312759304
Listing provided by
Bob Evans, Broker
Status
Sold
Location
Neighborhood
Kill Devil Hill Realty Corp
County
Dare (DARE)
1206 W Boundary Street Lot 6, Kill Devil Hills, NC 27948
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