Description
Great Investment Opportunity on Bald Head Island for an individual or corporation. 30 fractional units (packaged sale) (each unit offers 4 weeks each year- just like the Hammocks) providing a total of 120 weeks in 5 different suites each year for life. Generating gross rental income in 2021 of $132,196.00 (last 9 months) and after HOA fees, a net of $59,096.00. Based on last years performance, this yielded a 5% return on investment. A BHI Lifestyle membership is available for the owner at the Bald Head Island Club and guest membership is available at The Shoals Club. Includes all amenities, golf carts, daily room freshening, breakfast, bikes, pet friendly, all expenses paid by HOA! Deeded ownership on each unit and each can be individually sold! All maintenance, insurance and taxes included in the HOA fee... owner managed! Contact listing agent for a list of units, suites and calendar.
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0BEDS
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0.26ACRES
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0BATHS
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01/2 BATHS
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9,834SQFT
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$120$/SQFT
School Ratings & Info
Description
Great Investment Opportunity on Bald Head Island for an individual or corporation. 30 fractional units (packaged sale) (each unit offers 4 weeks each year- just like the Hammocks) providing a total of 120 weeks in 5 different suites each year for life. Generating gross rental income in 2021 of $132,196.00 (last 9 months) and after HOA fees, a net of $59,096.00. Based on last years performance, this yielded a 5% return on investment. A BHI Lifestyle membership is available for the owner at the Bald Head Island Club and guest membership is available at The Shoals Club. Includes all amenities, golf carts, daily room freshening, breakfast, bikes, pet friendly, all expenses paid by HOA! Deeded ownership on each unit and each can be individually sold! All maintenance, insurance and taxes included in the HOA fee... owner managed! Contact listing agent for a list of units, suites and calendar.
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