464 UNITS IN JACKSONVILLE, NC

Price:

$5,900,000

Status:

Available

Address:

1820 Wilmington Hwy, Jacksonville, NC 28540, USA

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 current vacancy above 50 percent, below-market rent rates and no renovations since construction, this offering presents a unique re-positioning opportunity.

Unit Information

UnitTypeSizeRent
BI x 1 UNIT3 BD / 1 BA1120 SF$640 MKT
BI x 115 UNITS2 BD / 1 BA638-920 SF$530-635 MKT
BI x 16 UNITSEFFICIENCY336 SF$460 MKT
BI x 96 UNITS1 BD / 1 BA594-716 SF$530 MKT
BII x 124 UNITS2 BD / 1 BA928 SF$636 MKT
BII x 40 UNITS2 BD / 1 BA790 SF$580 MKT
BII x 72 UNITS1 BD / 1 BA590 SF$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 Appliances RANGE, REFRIGERATOR
Zoning B-1 / B-1