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21 Keelson Row

Bald Head Island, NC 28461
  • $1,180,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: 100317355
UPDATED: 43 min ago
$1,180,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,834
    SQFT
  • $120
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1994
County:

School Ratings & Info

Description

Great Investment Opportunity on Bald Head Island for an individual or corporation. 30 fractional units (packaged sale) (each unit offers 4 weeks each year- just like the Hammocks) providing a total of 120 weeks in 5 different suites each year for life. Generating gross rental income in 2021 of $132,196.00 (last 9 months) and after HOA fees, a net of $59,096.00. Based on last years performance, this yielded a 5% return on investment. A BHI Lifestyle membership is available for the owner at the Bald Head Island Club and guest membership is available at The Shoals Club. Includes all amenities, golf carts, daily room freshening, breakfast, bikes, pet friendly, all expenses paid by HOA! Deeded ownership on each unit and each can be individually sold! All maintenance, insurance and taxes included in the HOA fee... owner managed! Contact listing agent for a list of units, suites and calendar.

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© 2022 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2022-05-16T19:39:58.307.
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21 Keelson Row Bald Head Island, NC 28461

  • Price: $1,180,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 43 min ago
  • MLS #: 100317355
0
Beds
0
Baths
0
½ Baths
0.26
Acres
9,834
SQFT
$120
$/SQFT
1994
Built
Neighborhood:
Bhi Harbour Village
County:
Brunswick
Area:
Bald Head Island
Property Description
Great Investment Opportunity on Bald Head Island for an individual or corporation. 30 fractional units (packaged sale) (each unit offers 4 weeks each year- just like the Hammocks) providing a total of 120 weeks in 5 different suites each year for life. Generating gross rental income in 2021 of $132,196.00 (last 9 months) and after HOA fees, a net of $59,096.00. Based on last years performance, this yielded a 5% return on investment. A BHI Lifestyle membership is available for the owner at the Bald Head Island Club and guest membership is available at The Shoals Club. Includes all amenities, golf carts, daily room freshening, breakfast, bikes, pet friendly, all expenses paid by HOA! Deeded ownership on each unit and each can be individually sold! All maintenance, insurance and taxes included in the HOA fee... owner managed! Contact listing agent for a list of units, suites and calendar.
Exterior Features

Construction Wood Frame Exterior Finish Composition Foundation Pilings Location Residential Location Type Island Lot Description Corner LotSee Others Lot Dimensions 160X42x54x80x60x38 Lot Water Features Creek ViewHarborMarina FrontMarina ViewMarsh FrontMarsh ViewOcean ViewSalt MarshWater ViewWaterfront Comm Number Of Parking Spaces 8 Roof Shingle

Interior Features

Cooling System Central Flooring CarpetTileWood Heating System Heat Pump Sq Ft Total Available 9834.00 Water Heater ElectricPropane

Property Features

Admin Expense 73100.00 Auction No City Limits Yes Cobra Zone No Commercial Sub Type Bed And BreakfastHotel/MotelOther Fuel Tank Propane Buried Fuel Tank Ownership Owned Gross Income 132196.00 Hoa Amenities CableFlood InsuranceMaint - Comm AreasMaint - GroundsPest ControlWater Hoa Annual Amount 73100.00 Hoa Company Mhi Fractional Owner Hoa YN Yes Net Operating Income 59096.00 New Construction No Possession At Closing Property Taxes 26450.19 Sale Lease Includes Furniture Sale Or Lease Sale Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2021 Terms Cash Water Sewer Community SewerCommunity Water Zoning Commercial/Frac



Listing information © 2022 NCRMLS
Listing courtesy of Rod J Hyson of Cape Fear Realty / Bhi Rentals: (910) 457-1702.


© 2022 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2022-05-16T19:39:58.307.
 
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