72 UNITS IN NEW BERN, NC

PRICE:
$ 2,500,000
STATUS:
Off Market
ADDRESS:
1300 Trent Blvd, New Bern, NC 28560, USA
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 $35K/unit.

UNIT INFORMATION
Unit Type Size Rent
36 UNITS 1 BD / 1 BA 550 SF $550
36 UNITS 2 BD / 1 BA 625 SF $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
Legal Description FIRST AND TRENT BLVD
Appliances RANGE, REFRIGERATOR, COMMON-AREA COIN LAUNDRY

Location Map

72 UNITS IN NEW BERN, NC
Address: 1300 Trent Blvd, New Bern, NC 28560, USA Price: $ 2,500,000 Unit: 72