Description
Eastern Carolinas Commercial is pleased to present Morton Street Apartments, a 20-unit community in Jacksonville, NC. The property consists of one- and two-bedroom floorplans situated in 4 buildings over 2 separate parcels on .98 +/- AC.This asset offers an investor, proven rent growth premiums through continued implementation of light, interior upgrades, as well as further upside potential through adding exterior/amenity upgrades as the market continues to mature.Current ownership has upgraded 10 out of 20 Units with new cabinetry, LVP / carpet flooring, appliances, countertops, and a fresh paint scheme. Central Location Convenient to Economic Generators, Military Bases, Local Beaches, and Major Thoroughfares Proven Value-Add Opportunity Through Light Interior Upgrades Upside Potential Through Bringing Rents to Market Levels New Roof in 2021 Well Maintained by Current Ownership Consistent Occupancy with a Growing Wait List for TenantsTenants in place and we ask that they are not disturbed. Contact listing agent for further details, rent roll, expenses, capital improvements or to schedule a showing.Please call listing office to schedule a showing.
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0BEDS
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0.98ACRES
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0BATHS
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01/2 BATHS
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11,074SQFT
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$102$/SQFT
School Ratings & Info
Description
Eastern Carolinas Commercial is pleased to present Morton Street Apartments, a 20-unit community in Jacksonville, NC. The property consists of one- and two-bedroom floorplans situated in 4 buildings over 2 separate parcels on .98 +/- AC.This asset offers an investor, proven rent growth premiums through continued implementation of light, interior upgrades, as well as further upside potential through adding exterior/amenity upgrades as the market continues to mature.Current ownership has upgraded 10 out of 20 Units with new cabinetry, LVP / carpet flooring, appliances, countertops, and a fresh paint scheme. Central Location Convenient to Economic Generators, Military Bases, Local Beaches, and Major Thoroughfares Proven Value-Add Opportunity Through Light Interior Upgrades Upside Potential Through Bringing Rents to Market Levels New Roof in 2021 Well Maintained by Current Ownership Consistent Occupancy with a Growing Wait List for TenantsTenants in place and we ask that they are not disturbed. Contact listing agent for further details, rent roll, expenses, capital improvements or to schedule a showing.Please call listing office to schedule a showing.
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