Buy a Multi-Family Property

72 UNITS IN NEW BERN, NC

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Address

1300 TRENT BLVD.
NEW BERN, NC 28560

Overview

Located approximately one mile west of downtown New Bern, the Bearfoot Landing Apartments consist of 72 units built in 1945. The even mix of one- and two-bedroom apartments are spread among nine, brick buildings on more than 6.5 acres. 

Residents enjoy easy access to Carolina East Medical Center, Twin Rivers Mall, numerous retail centers and historic New Bern. With more than 40 percent of the units vacant, eight of which are "down," the property is well-positioned for the value-add investor at a price below $40K/unit.

The rent roll can be found in the "Additional Information" below.

Additional Information:


Unit Information

UnitSizeTypeLeaseRent
36 UNITS 550 SF 1 BD/1 BA SEE RENT ROLL $550
36 UNITS 625 SF 2 BD/1 BA SEE RENT ROLL $650

Property Information

PIN
8-011-132
Tax Value
$1,792,000
Taxes
$20,501
Lot Size
6.58 ACRES
Year Built
1945
Exterior
BRICK
Floors
CARPET, VINYL, TILE, HARDWOOD
Foundation
CRAWL
HVAC
HEAT PUMP, CENTRAL A/C, GAS FORCED AIR HEAT
Utilities
OWNER PAYS WATER/SEWER, APRX. $2600/MO AND AREA LIGHTS, APRX. $400/MO
Appliances
RANGE, REFRIGERATOR, COMMON-AREA COIN LAUNDRY
Legal Description
FIRST AND TRENT BLVD