464 UNITS IN JACKSONVILLE, NC

PRICE:
$ 5,900,000
STATUS:
Sold
ADDRESS:
1820 Wilmington Hwy, Jacksonville, NC 28540, USA
OVERVIEW:

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

Location Map

464 UNITS IN JACKSONVILLE, NC
Address: 1820 Wilmington Hwy, Jacksonville, NC 28540, USA Price: $ 5,900,000 Unit: 464