701 Maple Ave - Apartments FOR SALE


Maysville, NC 28555
$860,000 USD
843-952-2265
701 Maple Ave, Maysville, NC for Sale
$860,000 USD
Apartments - FOR SALE
1/4
null | 5.56% Cap Rate

701 Maple Ave
Maysville, NC 28555


HIGHLIGHTS

  • Reliable Tenants with Very Little Turnover and the Ability to Increase Rents Steadily Year over Year providing Steady Rental Demand
  • Convenient Access to Highways, Easy Commute to Work, and Proximity to Camp Lejeune – Utilizes Off Base Housing
  • New Investor Has Opportunity to Acquire an Asset Between Two Growing Markets with Long Term Value – Offers Natural Appreciation with Little Renovation

OVERVIEW

Marcus & Millichap is pleased to present for sale the Maysville Village Apartments, an investment opportunity strategically located between Jacksonville and New Bern, North Carolina. This well-maintained property benefits from steady rental demand, reliable tenants, and extremely low turnover, ensuring consistent cash flow for investors. There are opportunities to increase rents gradually each year, capitalizing on the area's growth. Situated in a prime location, the 12-unit property offers convenient access to major highways, regional job centers, and Camp Lejeune, a nearby Marine Corps training facility that utilizes off-base housing. Positioned between two growing markets, the asset is poised for appreciation over time with minimal renovation requirements, making it a secure and profitable investment. The property's appeal is heightened by its proximity to thriving suburban centers and economic hubs, attracting tenants who seek convenient living options near employment and transportation. Its advantageous location and reliable tenant base ensure continuous demand, while the ongoing development in surrounding markets positions this property as a cornerstone of a successful investment portfolio. This investment combines accessibility, stability, and growth potential, making it a standout opportunity for investors looking for a secure asset with room for long-term appreciation.

FOR SALE DETAILS

PRICE

$860,000 USD

PRICE/SF

$96 USD /SF

# OF UNITS

12

PRICE/UNIT

$71,667

CAP RATE

5.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Maysville Village Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

-

APN/PARCEL ID

5432-14-9350

ASK ABOUT THIS PROPERTY

Carson FordMarcus & MillichapMore Info
843-952-2265

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Carson FordMarcus & MillichapMore Info
843-952-2265

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