| North Carolina Coastal Property and Boat Slips www.carolinawaterfrontonline.com |
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| PECAN GROVE MARINA BOAT SLIPS Boat Slips 7 and 9 located at Pecan Grove Marina Oriental, North Carolina 2 - 30' X 15' Boat Slips Both boat slips are under a one-year annual lease for $112.00/foot. Boat Slip 7 has a 30’ sailboat and Boat Slips 9 has a 33’ sailboat. With an on-site manager, these slips have had no problem with being rented, with the management firm collecting and dispersing the rental income. The seller has owned these two slips since March of 2006 and both slips have been rented continuously except for 1 month for 1 slip! Receive your rent checks quarterly without any delays or interruptions! This investment offers a 9.0% net return annually and these boat slips will increase in value in the future! Dock your boat in one and rent the other! |
Boat Slip 7 $3,360.00 gross rent/year
-268.80 (8% management fee)
-172.51 ad valorum taxes
-800.00 BOA dues/year
$2,118.69 net income/year
Boat Slip 9 $3,696.00 gross rent/year
-295.68 (8% management fee)
-216.48 ad valorum taxes
-800.00 BOA dues/year
$2,383.84 net income/year
Total Net Income/Year = $4,502.53
-268.80 (8% management fee)
-172.51 ad valorum taxes
-800.00 BOA dues/year
$2,118.69 net income/year
Boat Slip 9 $3,696.00 gross rent/year
-295.68 (8% management fee)
-216.48 ad valorum taxes
-800.00 BOA dues/year
$2,383.84 net income/year
Total Net Income/Year = $4,502.53
| Seller will sell both boat slips for only $50,000 Will sell individually for $27,500 For More Information Contact: North Carolina Coastal Properties 252-229-7746 thomas@carolinawaterfrontonline.com |
| One of a kind opportunity with many options. Use one; rent the other or rent both! |
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