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$289,900 (USD)
Active

Jarvisburg Area Single Family Home

Active

175 Michael Street Jarvisburg, NC 27947

2 Bed
2 Baths
952 sqft
MLS# 131579
Investor Opportunity | Cash-Flowing Property in Jarvisburg| Employee housing below $300K

175 Michael Street, Jarvisburg, NC — a cash-flow-positive investment property offering immediate income and long-term flexibility for the right buyer.

Permitted as a 2-bedroom, 2-bath home, this property is currently configured to operate as a high-performing rental asset, making it an attractive option for investors seeking reliable returns. The upper level is leased month-to-month at $1,300 per month, providing instant cash flow from day one.

The lower level studio is currently vacant, creating an opportunity for a new owner to place a tenant immediately, adjust rental rates, or reconfigure the space to align with their investment strategy. There is already potential tenant interest, allowing for a seamless transition if desired. The rent was previously $1100 per month.

This efficiently designed home was built by one of the area’s most reputable builders, Reliant Construction. With no wasted space, the layout offers an open and spacious feel on both the upper and lower levels, maximizing functionality and appeal for long-term tenancy.

Both the upper and lower levels are heated and cooled by efficient mini-split systems, helping keep operating costs low. The washer and dryer are conveniently located on the lower level, along with a water softener that services the entire home, adding both comfort and value.

Centrally located between the Outer Banks and Elizabeth City, this property presents an excellent opportunity for employee or workforce housing, which is increasingly difficult to secure in our area. The location is ideal for service industry professionals, healthcare workers, and OBX employees commuting to and from the beach.

This property is well suited for:

Investors seeking immediate positive cash flow

Local Business owners looking for workforce or long-term housing solutions for employees

Owners wanting flexibility with month-to-month tenancy and future repositioning

With income already in place and additional upside potential, 175 Michael Street offers a strong, low-friction entry point into the Currituck County investment market.

The stairs are on exterior only - you cannot get from floor to floor inside the house.
Listing Courtesy of OUTER BANKS ASSOCIATION OF REALTORS / Coldwell Banker Seaside Realty / Brook Sparks
$289,900 (USD)
Pending

Jarvisburg Area Single Family Home

Pending

175 Michael Street Jarvisburg, NC 27947

2 Bed
2 Baths
952 sqft
MLS# 100550439
175 Michael Street, Jarvisburg, NC is a cash-flow-positive investment property offering immediate income with long-term flexibility. Permitted as a 2-bedroom, 2-bath home, the property is currently configured as a high-performing rental asset, ideal for investors seeking reliable returns.

The upper level is leased month-to-month at $1,300/month, providing instant cash flow. The lower-level studio (see floor plan) is currently vacant and was previously rented for $1,100/month, offering the opportunity to place a tenant immediately, adjust rental strategy, or reconfigure the space. There is potential tenant interest, allowing for a smooth transition if desired.

This efficiently designed home was built by one of the area's most reputable builders, Reliant Construction. With no wasted space, the layout offers an open, spacious feel on both the upper and lower levels, maximizing functionality and long-term rental appeal. Both levels are heated and cooled by efficient mini-split systems, helping keep operating costs low. The shared washer and dryer are located on the lower level, along with a water softener that services the entire home.

Centrally located between the Outer Banks and Elizabeth City, this property presents an excellent opportunity for employee or workforce housing, which is increasingly difficult to find in the area. Ideal for service industry professionals, healthcare workers, and OBX employees commuting to and from the beach.

Well suited for investors seeking immediate positive cash flow, local business owners needing workforce housing, or owners desiring flexibility with month-to-month tenancy and future repositioning.
Listing Courtesy of Hive MLS / Coldwell Banker Seaside Realty / Brook Sparks