1834 Wilmington Hwy | Jacksonville, NC 28540
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- LoopNet Team
1834 Wilmington Hwy
Jacksonville, NC 28540
Osprey Cove South · Multifamily Property For Sale
·
228 Units
INVESTMENT HIGHLIGHTS
- Well Positioned Asset with Significant CapEx Invested to Date.
- Sizable Rent Growth Opportunity as Market Rents Trail Local Competitors.
- Optimal Value-Add Scenario with 85%+ of Units Left to Renovate.
- Proximity to Top Employers and Major Retail.
PROPERTY FACTS
| No. Units | 228 | Building Size | 168,303 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1964/2020 |
| Building Class | C | Parking Ratio | 0.61/1,000 SF |
| Lot Size | 17.85 AC | ||
| Zoning | B-1 | ||
| No. Units | 228 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 17.85 AC |
| Building Size | 168,303 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2020 |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | B-1 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Refrigerator
SITE AMENITIES
- Day Care
- Fitness Center
- Laundry Facilities
- Pool
- Property Manager on Site
- Gameroom
- Grill
- Maid Service
- Planned Social Activities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 79 | - | 336 - 716 |
| 2+1 | 149 | - | 638 - 1,120 |
PROPERTY TAXES
| Parcel Number | 001439 | Improvements Assessment | $9,198,600 |
| Land Assessment | $892,500 | Total Assessment | $10,091,100 |
PROPERTY TAXES
Parcel Number
001439
Land Assessment
$892,500
Improvements Assessment
$9,198,600
Total Assessment
$10,091,100
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