301 W Ocean Acres Drive , Lot #1

Description

Single-Family Home with Roommate Rental Potential! This beautifully renovated single-family residence in Ocean Acres offers exceptional flexibility for owner-occupants. The home is not a multi-unit property but a single dwelling with a layout that supports roommate-style living, ideal for maximizing rental potential. The main level features a spacious three-bedroom, two-bath configuration with modern finishes, luxury vinyl flooring, and an open-concept living area. On the lower level, the home includes two thoughtfully designed private living areas that can be rented to roommates: one area consists of a bedroom, full bath, flex space or office, private entrance, bar sink and fridge, and in-unit laundry; the other offers a one-bedroom suite with a full bath and a great room with a bar sink and fridge. These spaces are integrated within the single-family structure and do not constitute separate dwelling units. Additionally, a leased storage shed or workshop on the property provides supplemental income. The home generates approximately $66,000 annually in rental income. All renovations were completed with proper permits and full town approval, ensuring full compliance with local building codes and zoning regulations. Located near the Nags Head Woods Nature Preserve and the Ocean Acres stoplight, this property provides convenient access to shopping, dining, and the best of the Outer Banks lifestyle. With its strong rental appeal and strategic location, this single-family home presents a rare opportunity for long-term growth and reliable returns. There is only one meter. The home is a modular single-family home. Price change due to the county assessor's correction in classification.