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111 Morton Street

Jacksonville, NC 28540
  • $859,000
  • STATUS: Pending with Showings
  • ON SITE: 68 Days
  • MLS #: 100340689
Under Contract
UPDATED: 156 min ago
$859,000
  • 0
    BEDS
  • 0.98
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,074
    SQFT
  • $78
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1968
County:
Area:

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.

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© 2022 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2022-10-02T00:05:46.76.
www.thecheekteam.com/homes/131228938
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111 Morton Street Jacksonville, NC 28540

  • Price: $859,000
  • Status: Pending with Showings
  • On Site: 68 Days
  • Updated: 156 min ago
  • MLS #: 100340689
0
Beds
0
Baths
0
½ Baths
0.98
Acres
11,074
SQFT
$78
$/SQFT
1968
Built
Neighborhood:
Sabiston Height
County:
Onslow
Area:
Jacksonville
Property 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.
Exterior Features

Construction Block Foundation Slab Location Type Mainland Lot Description Corner Lot Lot Dimensions 200X140 & 100X140 Parking Driveway On SiteParking LotPaved Road Type Frontage Public (City/Cty/St) Roof Metal

Interior Features

Cooling System Wall/Window Unit(S) Heating System Gas PackWall/Floor Furnace Water Heater Electric

Property Features

Auction No City Limits Yes Cobra Zone No Electric Provider City Of Jacksonville Financial Info Yes Hoa YN No New Construction No Possession At Closing Sale Lease Includes BuildingsFixturesLand Sale Or Lease Sale Secondary Subdivision N/A Sewer Provider City Of Jacksonville Stipulation Of Sale None Tax Year 2022 Terms 1031 ExchangeCashConventional Water Provider City Of Jacksonville Water Sewer Municipal SewerMunicipal Water Zoning Rmf-Ld



Listing information © 2022 NCRMLS
Listing courtesy of Bernadette M Silivanch of Eastern Carolinas Commercial Real Estate: (910) 399-4602.


© 2022 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2022-10-02T00:05:46.76.
 
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