104 Prince Charles Court , Lot #46

Description

$48,000 annual rental income potential with this unique flexible living, renting, enjoying design, very nicely updated, with an elevator! Located in the gated waterfront community of Colington Harbor, 104 Prince Charles Ct. offers a versatile two-story layout, with a total of 2,048 sf of living space, provided by two levels of separate and independent living areas of approximately 1,024 sf on each level, for flexible living or renting spaces, for personal use and / or with great income potential ($24,000 annual rental income currently in place with half the property rented, $48,000 annual rent potential with both areas rented) with high quality upscale finish materials, all on an elevated X flood zone homesite, with sound views. Elevator is a valuable niche in personal use and rental market. Each level is a mirror image / floorplan, and includes two bedrooms, one and a half baths, spacious open living and dining area, custom kitchen areas, gas fireplace, and with full-size washer and dryer! Both levels have private front deck entry door entrances, and a modern 2021 full size elevator services all levels, making the home ideal for use as a multi-generational or single family residence, rental investment, with the opportunity to live on one level and rent the other, or rent both levels for lucrative rental income. The first level is currently rented at $2,000 per month / $24,000 per year, with lease and income in place until 12/1/26, or beyond, with the second / top level currently used for second home use, so available for personal use or rental, based on the preferences of a new owner. The property offers high income potential of $48,000 annually, $2,000 per level, with a very limited supply of rental units available in the area, if desired. This is a very clean and crisp property, with open, bright, and comfortable living spaces (high ceilings in top floor great room)…...1,024 sf for a 2 bedroom ‘home’ on each level! The interior was extensively updated in 2021 with quality LVP flooring throughout, remodeled kitchens and bathrooms, clean walls & trim, with upscale vanities & cabinets, kitchen with beautiful granite countertops, stainless steel appliances, (top level kitchen without an operating stove per code), leaded glass entry doors, and attractive modern fixtures. Many updates include the 2021 interior remodeling & elevator installation, 2024 roof, 2020 & 2022 HVAC systems, 2019 water heater. The property is offered unfurnished, with all appliances, and window treatments. The home offers ample parking in the driveway area, plus 2 full size carports, small fenced area, open rear yard, and full-size storage shed. Situated on a quiet cul-de-sac, the property enjoys water views from the upper level, and access to the community amenities of Colington Harbor, including boat ramp & marina, soundfront park with picnic area, and optional membership to the soundfront community pool, tennis, and clubhouse. For boaters, space for boat parking, community boat ramp & marina, and an opportunity to rent a boat slip is a great convenience. This is a very rare & unique flexible use property, with comfortable sized living spaces, and in clean and modern condition. Shown by appointment only, take the opportunity to consider this great property sooner rather than later! Additional photos available, without first level at: https://listings.jonathanclarkphoto.com/sites/rbvznopm/unbranded