BEACHAM APARTMENTS – 464 UNITS, JACKSONVILLE, NC
CLOSED 6/27/18 FOR $5,000,000
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
| Unit | Type | Size | Rent |
|---|---|---|---|
| BI x 1 UNIT | 3 BD / 1 BA | 1120 SF | $640 MKT |
| BI x 115 UNITS | 2 BD / 1 BA | 638-920 SF | $530-635 MKT |
| BI x 16 UNITS | EFFICIENCY | 336 SF | $460 MKT |
| BI x 96 UNITS | 1 BD / 1 BA | 594-716 SF | $530 MKT |
| BII x 124 UNITS | 2 BD / 1 BA | 928 SF | $636 MKT |
| BII x 40 UNITS | 2 BD / 1 BA | 790 SF | $580 MKT |
| BII x 72 UNITS | 1 BD / 1 BA | 590 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 |
| Sold Date | 2018-06-27 |
| Zoning | B-1 / B-1 |
Agent Information Steve Deaton
Location Map
BEACHAM APARTMENTS – 464 UNITS, JACKSONVILLE, NC