2322 Indian DR, Jacksonville, NC 28546
2322 Indian DR, Jacksonville, NC 28546
2322 Indian DR, Jacksonville, NC 28546
2322 Indian DR, Jacksonville, NC 28546
2322 Indian DR, Jacksonville, NC 28546
2322 Indian DR, Jacksonville, NC 28546
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Mark Pearson

Mark Pearson

+1(252) 573-9198
$ 2,950,000
Est. payment | /mo

13,040 SqFt

Save
$ 2,950,000
Est. payment | /mo
Save

13,040 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 13,040 sqft

Price per Sqft $226

Subdivision Not In Subdivision

MLS Listing ID 100544024

HOA Y/N No

Year Built 1985

Lot Size 0.830 Acres

Acres 0.83

Lot Dimensions Irregular

Source Hive MLS

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 From Jacksonville, use Gum Branch Rd, turn at light onto Indian Drive and apartments are on the left

Location Details Mainland

Interior

Heating Electric

Building

New Construction No

Others

Tax ID 413-9.2

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors
Listed by REAL Broker LLC

NEARBY SCHOOLS & PROPERTIES

Mark Pearson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(252) 573-9198

mark@obxlivingteam.com

5960 Fairview Rd Ste. 400, Charlotte, NC, 28210, United States

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2322 Indian DR