CARDINAL VILLAGE – 134 UNITS IN JACKSONVILLE, NC
Deaton Investment Real Estate is pleased to offer the exclusive listing of Cardinal Village Apartments in Jacksonville, N.C. This asset is well-maintained and presents the rare opportunity to purchase from the original developer. The owner will be reviewing offers as they are presented.
Located in Onslow county, which grew in population by 15% from 2010 to 2020, Jacksonville is home to Camp Lejeune, the largest Marine Corps based on the East Coast. Situated in the heart of Jacksonville, the property is minutes from multiple retail, dining, entertainment, employment centers and local schools.
Over the last 12 months, rents have increased more than 10% in Jacksonville. There are no multifamily properties under construction and with employment and population growth expected to continue, market rents are projected to increase further.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 2 UNITS | STUDIO | 550 SF | $750 (CURRENT ASKING RENT) |
| 40 UNITS | 1BD/1BA | 750 SF | $975 (CURRENT ASKING RENT) |
| 48 UNITS | 2BD/1BA | 1,000 SF | $1,050 (CURRENT ASKING RENT) |
| 2 UNITS | 2BD/1BA (XL) | 1,048 SF | $1,075 (CURRENT ASKING RENT) |
| 40 UNITS | 2BD/1.5BA (TOWNHOMES) | 1,250 SF | $1,125 (CURRENT ASKING RENT) |
| 2 UNITS | 3BD/1BA | 1,048 SF | $1,100 (CURRENT ASKING RENT) |
| 134 UNITS (TOTAL) | 133,293 SF (TOTAL) | $130,450 (GROSS POTENTIAL RENT) |
PROPERTY INFORMATION
| PIN | 437817203969, 437818217793, 437818216263, 437817214461 |
| Tax Value | $6,241,320 (2022) |
| Taxes | $69,064.90 (2021) |
| Lot Size | 8.67 ACRES |
| Year Built | 1964, 1966, 1968 |
| Exterior | BRICK VINYL |
| Floors | CARPET, VINYL, LVP |
| Foundation | SLAB |
| HVAC | CENTRAL AIR / HEAT PUMPS |
| Utilities | TENANTS PAY UTILITIES (RENT INCLUDES WATER, SEWER, TRASH, PEST) |
| Legal Description | INDIAN DR, WESTERN BLVD, INDIAN DR, SR 1308 |
| Appliances | RANGE, REFRIGERATOR, W/D CONNECTIONS (IN SELCECT UNITS) |
| Zoning | RMF-HD, CC-CC |
Agent Information Michael Deaton
Location Map
CARDINAL VILLAGE – 134 UNITS IN JACKSONVILLE, NC