104 16th Street, Oak Island

Oak Island Opportunity ....Double Lot + a backyard studio + a brick family home ! A studio, a hobby hut, a chill pad, a she-shed, or your own personal retreat....the options are endless in the separate conditioned space ! Located on beautiful Oak Island just four streets from the 20th Street beach walkover, this rare double-lot property offers flexibility, income potential, and space that's increasingly hard to find this close to the ocean. One of the most compelling features is the separate backyard studio, currently leased at $1,300 per month on a month-to-month basis. Continue reliable long-term rental income, explore short-term rental possibilities, create a private guest retreat, or design a true multi-generational living arrangement where everyone enjoys their own space and independence. The apartment was renovated by the current owner and permitted for a mini-split cooling unit. The property sits on a double lot with a fenced backyard and rare parking capacity for approximately eight vehicles. Bring the boat, trailer, RV, or camper--there is room for it all without sacrificing yard space. Major systems provide added confidence: roof approximately 7 years old; 4-ton gas pack approximately 7 years old; underground leased propane tank servicing heat, water heater, and gas stove; propane water heater supplying both the home and apartment; one shared electric meter and utilities (water averages approximately $92/month; January electric approximately $107). A CPI security system is in place. The water tap fee for Lot 7 has been paid. There is a well for irrigation that will need reworking. A $700 home warranty is offered. The brick main home has been a rock-steady haven for its owner and his two dogs. It shows honest wear, presenting the perfect opportunity to repaint, refresh, and renovate to your personal taste. With varied flooring throughout, you can truly select the finishes that reflect your own coastal style & vision. Occupied. By Appo