Hive MLS / Atlantic Sothebys International Realty
Hive MLS / Coldwell Banker Seaside Realty / Emily Bray
Hive MLS / Coldwell Banker Seaside Realty / Emily Bray
Hive MLS / Coldwell Banker Seaside Realty / Brook Sparks
Hive MLS / Coldwell Banker Seaside Realty / Brook Sparks
Hive MLS / Coldwell Banker Seaside Realty / Joanna Kane
Hive MLS / Coldwell Banker Seaside Realty / Haley Paige Winslow
Hive MLS / Coldwell Banker Seaside Realty / Emily Bray
Hive MLS / Coldwell Banker Seaside Realty / Haley Paige Winslow
Resources
Seaside Vacations
OBX Market Video
Long Term Rentals
TowneBank Mortgage
CE Shop
| ELIZABETH CITY OFFICE 314 S. Hughes Blvd. Elizabeth City, NC 27909 252-384-0566 |
KILL DEVIL HILLS OFFICE 2503 North Croatan Hwy. Kill Devil Hills, NC 27948 252-480-4444 |
KITTY HAWK OFFICE 4900 Croatan Hwy. PO Box 1860 Kitty Hawk, NC 27949 252-261-3800 |
© 2023 Coldwell Banker Seaside Realty
Terms Of Use | Privacy Policy | Accessibility Statement | Fair Housing Notice
The information being provided by Outer Banks Association of Realtors is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Outer Banks Association of Realtors. Seaside Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Seaside Realty, a broker participant of Outer Banks Association of Realtors. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
©2022 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Anywhere Advisors LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
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.