10% CAP Rate - rentals for 2011 were $50,410; 2010 rental $50,480. Large house on large lot built with 6 inch exterior walls, four bedrooms have private baths (masters) top floor master has gas fireplace. All bedrooms have private exit doors to porch or deck. Ground floor has game room w/billiard table, game table & chairs, queen sleeper, 1/2 bath plus master king bedroom w/private exit door to pool and hot tub. 1st floor has 2 master king bedrooms and 2 bedrooms w/bunks and trundles for the kids to share a bath. Top floor has living room w/fireplace, 1/2 bath, table for 10, huge kitchen w/wet bar and LeBleu water, over sized cabinets, observation level for enhanced views of ocean and Jockeys Ridge. Home built w/Anderson sliders, over size Anderson windows wrapped in tar paper and Tyvek, metal flashed windows. Exterior is top quality red cedar shingles, roof has 30 year shingles. South boundary is Dixie St. that offers guests a more direct walk to beach rd. and access. Lots of repeat tenants. Full price offer required and seller will close after September 1, 2012.

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