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$289,900 (USD)
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Jarvisburg Area Single Family Home

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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
$95,000 (USD)
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Avon Area Land

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41175 Portside Drive Avon, NC 27915

Bed
0 Baths
sqft
MLS# 129342
This is one of the few remaining lots in Kinnakeet Shores that requires minimal clearing and grading—making it easier and more cost-effective to start building your dream home. Located on a large pond and spanning 0.35 acres, this prime homesite offers a peaceful natural setting with the potential for both sound and ocean views.

Kinnakeet Shores is a well-established community known for its desirable amenities, including a community pool, tennis courts, and private beach and sound access. Enjoy added convenience with local restaurants, a grocery store, and Ace Hardware just around the corner. A 2,500 sq ft minimum house size ensures consistent neighborhood appeal and long-term value.

Avon, NC is a favorite destination on Hatteras Island, beloved for its laid-back atmosphere, beautiful beaches, and strong sense of community. If you're envisioning of a place that feels like home—whether full-time, for getaways, or as a smart investment—Avon could be the ideal spot.

You’re also in a great spot for Outer Banks exploration—just 12 miles from the Cape Hatteras Lighthouse, 20 miles from the Hatteras Island ferry docks (to Ocracoke), and about 48 miles from the Wright Brothers National Memorial in Kill Devil Hills.

This is your chance to claim a slice of the island life in one of Avon’s most relaxed and scenic neighborhoods. Whether you're building for fun, family, or future returns—kick back, breathe in the salt air, and start turning your Outer Banks dream into a reality.
Listing Courtesy of OUTER BANKS ASSOCIATION OF REALTORS / Coldwell Banker Seaside Realty / Haley Paige Winslow