2322 Indian Drive, Jacksonville, NC 28546 (MLS# 100363868)

2322 Indian Drive, Jacksonville, NC 28546

$2,000,000

Property Type: Comm Sale or Lease Square Footage: 13,040 Lot Size (sq. ft.): 36,155 Status: Closed

Current Price: $2,000,000 List Date: 1/07/2023 Last Modified: 2/22/2024

Overview

Description

This is a 20 unit true apartment complex in a great and heavily growing area of Jacksonville, North Carolina which is a short distance to Topsail and Wilmington Beaches. Complex is Completely turnkey to start making money right of way. Property is currently being increased to $1075-1100 from their current lower rates. Roughly 5-7 of the units already have leases signed at this amount. When completed total income will be about $276,000 a year and at this price brings it closer to a 9-10 percent CAP without really doing much. Professional management is in place but is not needed and would save a 8 percent in expenses. Majority of the Hvacs systems are very new along with the roofs only being about 2 years old. Parking lot was also just resurfaced. Units are in GREAT shape but still value add to be done in the units over next couple lease cycles. Rents can also be increased as Jacksonville's market continues to build and build. Very clean community with schools, fire departments, store ... (Read more)

Listing Details MLS# 100363868

Contract Info

Available Date: 2023-01-03
Marketing Start Date: 2023-01-07
Sub-Type: Multi Family
Garage: N/A
Sale/Lease: Sale
Auction: No
Listing Price: 2315000
List Price/SqFt: 177.53
Stipulation of Sale: Standard

Location Information

Street #: 2322
Street Name: Indian
Street Suffix: Drive
County: Onslow
State/Province: NC
Zip Code: 28546
City Limits: Yes
Marketing City: Jacksonville
Subdivision: Not In Subdivision
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: Gum Branch Rd, turn at light onto Indian Drive and apartments are on the left
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 13040

Legal and Taxes

Tax Assessed Value: 981100
Deed Book: 5860
Deed Page: 247
Legal: L2 Ma & Pq Trott S/F 413 9 J H Morton
Broker Owner: No
PID: 046379
Tax Identifier: 413-9.2
Plat Book: 64
Plat Page: 75
Total Real Estate Property Taxes: 12312.81
Special Assessments: none
Tax Year: 2022
Year Built: 1985
Zoning: Rmf-Hd
HOA: No
Cobra Zone: No

More Information

Status Change Info

Under Contract Date: 2023-01-31
Sold Date: 2023-03-21

Property Features

Heating System Fuel Source: Electric

IDX

Listing Office: Keller Williams Innovate-Wilmington

Last Updated: February - 22 - 2024

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