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464 UNITS IN JACKSONVILLE, NC

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Address

1820 Wilmington Highway
Jacksonville, NC 28540

Overview

Beacham Apartments consist of 464 units in Jacksonville, NC that were built in two phases by the Beacham family. The community has been under continuous ownership and management since completion. Phase I, located at 1820 Wilmington Highway, features 228 units built between 1964 and 1970. Phase II at 118 Broadhurst Road, features 236 units built in 1973.

Located next to Camp Lejeune and New River Air station, the market is driven by the most established Marine Corps station in the nation. With a current vacancy around 45 percent, below-market rent rates and no renovations since construction, this offering presents a unique re-positioning opportunity. 


Unit Information

UnitSizeTypeRent
BI x 1 UNIT 1120 SF 3BD/1BA $640 MKT
BI x 115 UNITS 638-920 SF 2BD/1BA $530-635 MKT
BI x 16 UNITS 336 SF EFFICIENCY $460 MKT
BI x 96 UNITS 594-716 SF 1BD/1BA $530 MKT
BII x 124 UNITS 928 SF 2BD/1BA $636 MKT
BII x 40 UNITS 790 SF 2BD/1BA $580 MKT
BII x 72 UNITS 590 SF 1BD/1BA $530 MKT

Property Information

PIN
435616934369 / 436610468999
Tax Value
$7,038,840
Lot Size
18.82 ACRES / 13.46 ACRES
Year Built
1964-1973
Exterior
BRICK
Floors
CARPET, VINYL, TILE
Foundation
SLAB
HVAC
CENTRAL AIR, HEAT PUMP
Utilities
ELECTRIC IS INDIVIDUALLY METERED, OWNER PAYS WATER/SEWER AND TRASH
Unit Appliances
RANGE, REFRIGERATOR
Zoning
B-1 / B-1