301 W Ocean Acres Drive Lot #1, Kill Devil Hills, NC 27948

This high-yield investment property in Ocean Acres presents a rare opportunity for savvy investors looking to maximize returns. With $66,600 in annual income and room to grow, this multi-unit property offers flexibility and strong earning potential. The main building features three separate rental units, including Unit #1 a spacious 3-bed, 2-bath top-level residence, Unit #2, a 2-bed, 1-bath lower-level unit with a private entrance, kitchen, and laundry. Additionally, two flex spaces—one (Unit #3 in main building) is currently used as a one-bedroom, one bath rental and another casita-style unit—offer additional income opportunities (non-permitted).Originally a mobile home, the property has undergone a full down-to-the-studs renovation, incorporating modern upgrades such as artsy tile, stylish vanities, luxury vinyl flooring, and a sleek backsplash. The exterior is low-maintenance with vinyl siding, a large yard, and a shared storage shed for owner and tenant use. Situated steps from Nags Head Woods Nature Preserve, this property appeals to renters seeking both proximity to nature and convenient access to all the Outer Banks has to offer, thanks to the Ocean Acres stoplight location. Whether you're looking to expand your portfolio or capitalize on the growing rental demand in the Outer Banks, this property is a must-see for investors ready to unlock its full potential.