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 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. 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 | Owner Financing | NONE |
| Utilities | TENANTS PAY UTILITIES | Appliances | RANGE, REFRIGERATOR, DISHWASHER, W/D CONNECTONS (IN SELECT UNITS) |
| Legal Description | SEE TAX RECORDS | Zoning | RMF-HD, TCA |
| Sold Date | 03/30/2022 |
