Hotel / Motel - Kill Devil Hills, NC
PROVEN income producer! Permitted use in a residential zone, this highly successful and established Inn has found its niche, maximizing its income generating potential from this property. Currently operated as an Inn with six individually rented efficiency style master suites, there is opportunity for a new owner to explore still untapped income potential, ie weddings, airbnb, etc.. Originally built in 1950 as a lifeguard boarding home, it was moved to its current location in the mid 1970's and received a complete overhaul to the studs in 2006 including plumbing, electrical, windows,appliances, ice machine, insulation, water heaters, and bathroom updates. New roof in 2014. Six power meters keep options open for future use. Fine attention to details throughout the inn by local craftsman with gorgeous repurposing of iconic Outer Banks old wood shutters and doors, original wood plank flooring and a fabulous fenced in courtyard create a unique and inviting property with many repeat guests and a growing clientele. Visit www.atlanticstreetinn.com A chameleon property that offers many options for use, including current operation as a nightly inn with 6 rented rooms, boarding house, single family home, weekly rental, etc. Income at 15% ROI ytd for 2016, and stays partially booked throughout the fall, so more income to come for 2016. Great offering, unique, historic and solid!