This vacation rental ''The Glam House'' is an investors' dream with a projected cap rate of 4% for 2021. Located in a cul-de-sac with views of the waterway and ocean, this home has been completely customized to be functional and stylish in both renovation and decor by current owner, hence the name ''The Glam House.'' The owners have been meticulous about maintaining and updating the home over the years to keep the integrity of the vacation rental business. The home features an open floor plan and large chef's kitchen, perfect for entertaining and beach rental. This 4 bedroom, 5 bath home offers a welcoming place for family and friends to gather. First living level features full bath, living room, kitchen, dining room and spacious den, both currently being used as a playroom and game room. The second floor features the primary suite including an outdoor bathtub and outdoor jacuzzi, with panoramic views of the waterway. Two additional guest rooms with connected bathrooms are also located on the 3rd floor. The ground floor features as a fully functional living space including a bedroom, full bath, living area, and kitchen. Ground floor leads to the gorgeous pool, large walk-in storage rooms for all your beach essentials, 2 outdoor showers, and more. So far, through August of 2021, The ''Glam House'' vacation rental will produce nearly $100,000 in revenue with profits over $65,000 after expenses. Unlike most VRBO & AirBnB's this home has holiday themed rentals to help rental income continue during the off season. Current property management information by owner will be passed on to new owners for easy transition into the rental market. This includes cleaning services, preparation, restock, alarm system, and ownership of Airbnb and VRBO marketing materials and account information. This home price includes all furniture (minor exclusions) and decor.*Listing provided courtesy of the MLS.
Listings provided courtesy of MLS Topsail Island Association of Realtors and Ivester Jackson Coastal LLC. and Wilmington MLS.
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