124 Summerlin Lane, Holly Ridge

Five duplexes. Ten rental units. One investment opportunity in Holly Ridge. This approximate 2.77-acre property features ten single-story residences, each with two bedrooms and two full bathrooms. Years built were 2012, 2016, 2019 ,2022 . Seller reports approximately $15,000 in total monthly gross rental income, or $180,000 annualized before expenses. Located a few minutes from Sneads Ferry, less than 10 minutes from North Topsail Beach, and 25 Minutes from Jacksonville make this a desirable location. Close to shopping, entertainment, and easy commutes to major cities. Built between 2012 and 2022 the duplexes features include metal roofs, slab foundations, central electric heating and air, exterior utility rooms, and a shared driveway and parking area. The two-bedroom, two-bath layouts provide flexibility for a variety of rental needs. Public water is indicated in available utility records, and shared septic systems serve the property. Buyers should verify current occupancy, leases, income, expenses, and utility and septic arrangements. Rental income is seller reported and is not a guarantee of future performance.