Osprey Cove North
236 Unit Apartment Building | For Sale | Jacksonville, NC 28540
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 177,720 SF
Listing Contacts
John Bergin
Verified Profile
Tucker Bartley
Verified Profile
- Property Info
Property Overview
Waterstone Multi-Housing Advisors is pleased to present Osprey Cove North; a 236-unit complex located in Jacksonville, North Carolina. This property was built in 1971 and consists of 14 2-story buildings and 1 1-story building. The property sits on one parcel at 11.59 acres. Osprey cove consists of 72 1-bedroom units averaging 594 sq feet, 40 2-bedroom small units averaging 792 square ft and 124 2-bedroom large units averaging 920 sq feet.
New ownership has the opportunity to turn the remaining 65 classic units over to the standard units. The Classic units have used appliances, used flooring, and minor imperfections. Renovated (Standard) apartments have new flooring, new or newer appliances, new hardware on cabinets, all cabinets are painted white and the tubs are resurfaced. New leases at Osprey Cove are also being charged a $125 amenity fee which includes water, sewer, trash, pest control, high speed Internet, and HD cable. Since current ownership acquired the property in 2021, they have completed north of $622,000 in CapEx improvements. This included replacing a large majority of the refrigerators, HVAC systems, carpet, Hot water heaters, and resurfacing a large portion of the countertops and bathtubs among other things.
Additional site amenities include hammock garden & fire pit area. Additional unit amenities include keyless entry, smart thermostats, central air and cable is included.
New ownership has the opportunity to turn the remaining 65 classic units over to the standard units. The Classic units have used appliances, used flooring, and minor imperfections. Renovated (Standard) apartments have new flooring, new or newer appliances, new hardware on cabinets, all cabinets are painted white and the tubs are resurfaced. New leases at Osprey Cove are also being charged a $125 amenity fee which includes water, sewer, trash, pest control, high speed Internet, and HD cable. Since current ownership acquired the property in 2021, they have completed north of $622,000 in CapEx improvements. This included replacing a large majority of the refrigerators, HVAC systems, carpet, Hot water heaters, and resurfacing a large portion of the countertops and bathtubs among other things.
Additional site amenities include hammock garden & fire pit area. Additional unit amenities include keyless entry, smart thermostats, central air and cable is included.
Property Details
- Class
- C
- Year Built/Renovated
- 1971/2022
- Stories
- 2
- Lot Size (sq. ft)
- 504,860 SF
- Units
- 236
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