1. North Carolina
  2. Jacksonville
  3. 2322 Indian Drive
$3,300,000

2322 Indian Drive, Jacksonville, NC 28546

  • 13,040 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1985
  • Property Lot Size Icon0.83acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $253/sqft
  • Property List Date Icon Listed 4 months ago

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!

Listing Status:
Active
Date Added:
March 10, 2025 at 05:00AM
Listing Office:
Real Broker LLC : 919-348-2585
MLS ID:
100493422
  • Heating: Electric

This listing courtesy of Real Broker LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Parkwood Elementary School

2900 Northwoods Dr, Jacksonville, NC, 28540

Grades KG-5

0.93 miles away

N

Northwoods Park Middle School

904 Sioux Dr, Jacksonville, NC, 28540

Grades 6-8

1.27 miles away

J

Jacksonville High School

1021 Henderson Dr, Jacksonville, NC, 28540

Grades 9-12

0.25 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.