205 Harper Avenue, Carolina Beach, NC 28428

Description

**Due to multiple offers the Seller requests final and best offers to be submitted by 5pm Thursday, March 10, 2022.** Here is an exciting opportunity to own an impeccably maintained boutique guest Inn located downtown Carolina Beach very close to the beach, restaurants, and shopping. This charming 2-story Inn has been remodeled inside and out keeping its authentic nostalgic feel yet offering modern amenities with 12 fully furnished guest rooms and sits on a 0.16-acre lot. Parking for one car per room is in front of the Inn with easy access to the rocking chair porch entry that include 4 large unique suites on the first floor with quaint kitchenettes and each with a private deck in the back overlooking a maintained fenced backyard. Second floor rooms boast a long-shared hallway with attractive decor located on both sides. The rooms facing north offer an airy covered porch filled with rocking chair southern charm and all second-floor rooms are furnished with a small refrigerator and microwave. This exceptional business and property are being sold tastefully furnished as a profitable turn-key rental business investment. With a pet friendly theme, the current owners have garnered an annual occupancy rate of 70% and a potential cap rate of 14%. Improvements include a new roof, exterior & interior painting, new central HVAC upstairs and individual energy efficient heating & cooling systems in the suites on the first floor. This business utilizes several channel managers for their reservation bookings with 60% repeat guests as they enjoy an average 5-star review status across all channels which include booking.com, expedia, trip-advisor and their own website which uses a hotel booking platform. Go ahead and explore for yourself and then take a tour of their website Carolina Beach Inn and come walk through the property in person!