15841 Us-17 Hwy S - Apartments FOR SALE


Hampstead, NC 28443
$4,500,000 USD
910-344-1008
15841 Us-17 Hwy S, Hampstead, NC for Sale
$4,500,000 USD
Apartments - FOR SALE
1/14
null | 5.48% Cap Rate

15841 Us-17 Hwy S
Hampstead, NC 28443


HIGHLIGHTS

  • The Wilmington region is one of the fastest growing areas in the country, with the MSA’s population expanding by 13.7% (from April 2020 to July 2024).
  • Minutes from the beaches of Surf City.

OVERVIEW

Cape Fear Commercial is pleased to present Ocean Highway Apartments for sale— a stabilized, 24-unit complex situated in Hampstead, NC just north of Wilmington and minutes from the beaches of Surf City. The project has recently undergone several CAPX improvement projects over the last several years, including renovating kitchens and replacing flooring in each unit, new HVAC and water heaters (as needed), new road signage (est installation May2025), and new dog park.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

24

PRICE/UNIT

$187,500

CAP RATE

5.48%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Highway Condominiums

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

48

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

GB

APN/PARCEL ID

3293-21-9982-0000

ASK ABOUT THIS PROPERTY

Paul LoukasCape Fear CommercialMore Info
910-344-1008

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Paul LoukasCape Fear CommercialMore Info
910-344-1008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.