LIBERTY CROSSINGS AND LAURADALE APARTMENTS – 440 UNITS IN JACKSONVILLE, NC
PRICE:
$
35,000,000
STATUS:
Sold
ADDRESS:
200 Carmen Ave, Jacksonville, NC 28540, USA
OVERVIEW:
SOLD 3/30/2022 FOR $35,000,000
$79,545 per-unit
Deaton Investment Real Estate represented the seller and was the sole broker in this off-market transaction. This deal represented the purchase of 440-units across two assets, Liberty Crossings and Lauradale Apartments, both located in Jacksonville, N.C.
Built in 1977, Lauradale Apartments features 154-units all of which are two-bedroom, one-bath floorplans.
Built in 1973, Liberty Crossings features 286-units across a mix of one-, two-, and three-bedroom floorplans.
This deal offers a buyer scale and the opportunity to increase rents through strategic value-add improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 154 UNITS - Lauradale | 2BD/1BA | 900 SF (AVG.) | $849 (AVG.) |
| 136 UNITS - Liberty | 1BD/1BA | 758 SF (AVG.) | $690 (AVG.) |
| 125 UNITS - Liberty | 2BD/1.5BA | 984 SF (AVG.) | $775 (AVG.) |
| 25 UNITS - Liberty | 3BD/2BA | 1,158 SF (AVG.) | $915 (AVG.) |
PROPERTY INFORMATION
| PIN | 437706385679, 436807584033, 436807582225, 436807571643, 436806477708 |
| Tax Value | $14,799,635 |
| Taxes | $171,888.31 |
| Lot Size | 35.95 ACRES |
| Year Built | 1973, 1977 |
| Exterior | BRICK/VINYL/WOOD |
| Floors | CARPET, VINYL, TILE |
| Foundation | SLAB |
| HVAC | CENTRAL HEATING & AIR |
| Utilities | TENANTS PAY UTILITIES |
| Legal Description | SEE TAX RECORDS |
| Appliances | RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTONS (IN SELECT UNITS) |
| Sold Date | 2022-03-30 |
| Zoning | RMF-HD, TCA |
Agent Information Michael Deaton
Location Map
LIBERTY CROSSINGS AND LAURADALE APARTMENTS – 440 UNITS IN JACKSONVILLE, NC
Address:
200 Carmen Ave, Jacksonville, NC 28540, USA
Price: $
35,000,000
Unit:
440