2322 Indian Drive,Jacksonville, NC 28546
Jacksonville, NC 28546
Description
Looking for a solid investment that's already generating income with room for growth? This 20-unit apartment complex in Jacksonville NC offers the perfect opportunity for investors of all experience levels. Located in a fast-growing area, just a short drive from the beaches of Topsail & the Crystal Coast, this property combines steady cash flow with future potential. The complex is completely turnkey, allowing you to start earning from day 1. The property's current rental income is poised for increases, with rents being raised to $1,100 - $1,250 per unit. 7 units are now leased at the new rates. Once all leases are adjusted, the property will generate approx. $280,000 per year in income. At this price, investors can expect a 9-10% CAP rate with minimal effort. The property has been well-maintained with several major updates already completed, including many new HVAC systems & a newer roof (4 years old). The units are in excellent shape with spacious layouts, full kitchens, appliances & in-unit washers and dryers. For those new to real estate investing, this property is an ideal introduction, with a professional management team already in place. However, if you prefer to manage it yourself, you can save in management fees, which will increase your return on investment. Plus, there are opportunities to increase rents further as Jacksonville's market continues to grow, providing additional upside for the future. Located in a clean & convenient neighborhood, the complex is close to schools, shops, restaurants and public servicesmaking it an attractive place for tenants. As Jacksonville's economy and housing market continues to expand, this property offers strong potential for long-term appreciation, making it an excellent addition to any portfolio. Whether you're an experienced investor or just getting started, this property offers a great balance of stability & future growth. Don't miss out on this opportunity to invest in one of NC's fastest-growing markets!
Details
| MLS# | 100493422 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 72 |
| Listing Provided By | Real Broker LLC | Pinpoint Properties |
Features
| N/A | 13,040 |
|---|---|
| Zoning | Rmf-Hd |
| Acreage | 0.83 |
Market Activity 28546
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Learn More About This Property
| State | NC |
|---|---|
| County | Onslow |
| City | Jacksonville |
| Zip Code | 28546 |
| Area | Onslow |
| Community Name | Not In Subdivision |
| Listing VS Median (in Not In Subdivision) | |
Price: $3,350,000 low | high Med: $294,900 SqFt: 13,040 low | high Med: 2,842 $ / SqFt: $257 low | high Med: $104 On site: 72 low | high Med: 198 | |