2322 Indian DR Active Save Request In-Person Tour Request Virtual Tour
Jacksonville,NC 28546
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,040 sqft
Price per Sqft $256
Subdivision Not In Subdivision
MLS Listing ID 100493422
HOA Y/N No
Originating Board Hive MLS
Year Built 1985
Annual Tax Amount $12,312
Lot Size 0.830 Acres
Acres 0.83
Lot Dimensions Irregular
Property Sub-Type Multi-Family
Property 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 services—making 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!
Location
State NC
County Onslow
Community Not In Subdivision
Zoning Rmf-Hd
Direction Gum Branch Rd, turn at light onto Indian Drive and apartments are on the left
Interior
Heating Electric
Building
New Construction No
Others
Tax ID 413-9.2