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 Tenants Tenants 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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Listing Office: Eastern Carolinas Commercial Real Estate