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.

Link To Tax Records
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

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