HINSON ARMS & BROOKEVIEW – 108 UNITS IN JACKSONVILLE, NC

PRICE:
$ 9,000,000
STATUS:
Sold
ADDRESS:
3340 Richlands Hwy, Jacksonville, NC 28540, USA
OVERVIEW:

SOLD 5/27/2022 FOR $9,000,000
$83,333.33 per unit 

Deaton Investment Real Estate represented the buyer and Marcus & Millichap represented the seller in this transaction. Hinson Arms & Brookeview are located in Jacksonville, NC. Built in 1967, Hinson Arms features 60 townhome-style two-bedroom 1.5-bathroom floorplans. Brookeview features 47 townhome-style two-bedroom 1.5-bathroom floorplans with one single-family two-bedroom 1.5-bathroom home. These two properties are located just 2 miles from each other. This asset offers the opportunity to increase income through operational and strategic value-add improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
60 UNITS - HA 2BD/1.5BA 900 SF $950
47 UNITS - BV 2BD/1.5BA 835 SF $765
1 UNIT - BV 2BD/1.5BA 835 SF $800
PROPERTY INFORMATION
PIN 435719515009 & 437714327878
Tax Value $1,298,414
Taxes $11,534.95
Lot Size 12.44
Year Built 1967
Exterior BRICK & VINYL
Floors CARPET, VINYL, LVP
Foundation SLAB
HVAC CENTRAL AIR/HEAT PUMP
Utilities TENANT PAYS UTILITIES
Legal Description L1 DONALD G & KATHLEEN D FOSE
Appliances RANGE, REFRIDGERATOR, DISHWASHER, MICROWAVE
Sold Date 2022-05-27
Zoning HB-Highway Business District

Location Map

HINSON ARMS & BROOKEVIEW – 108 UNITS IN JACKSONVILLE, NC
Address: 3340 Richlands Hwy, Jacksonville, NC 28540, USA Price: $ 9,000,000 Unit: