175 michael street

175 Michael Street, Jarvisburg, NC is a cash-flow-positive investment property offering immediate income with long-term flexibility. Permitted as a 2-bedroom, 2-bath home, the property is currently configured as a high-performing rental asset, ideal for investors seeking reliable returns. The upper level is leased month-to-month at $1,300/month, providing instant cash flow. The lower-level studio (see floor plan) is currently vacant and was previously rented for $1,100/month, offering the opportunity to place a tenant immediately, adjust rental strategy, or reconfigure the space. There is potential tenant interest, allowing for a smooth transition if desired. 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, spacious feel on both the upper and lower levels, maximizing functionality and long-term rental appeal. Both levels are heated and cooled by efficient mini-split systems, helping keep operating costs low. The shared washer and dryer are located on the lower level, along with a water softener that services the entire home. 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 find in the area. Ideal for service industry professionals, healthcare workers, and OBX employees commuting to and from the beach. Well suited for investors seeking immediate positive cash flow, local business owners needing workforce housing, or owners desiring flexibility with month-to-month tenancy and future repositioning.