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Multifamily

Grove Creek

101 Benchmark Court Apartments Ln, Kenansville, NC 28349

Listing Price: $1,750,000

Cap Rate
2.03%
Number of Units
36
Price/Unit
$48,611
Price/Gross SF
$89.29
Gross SF
19,600

Investment Overview

Marcus & Millichap is pleased to present the Grove Creek Apartments. This community consists of 16, two-bedroom units and 20 one-bedroom units just off of S. Main St in Downtown Kenansville. This asset is well-positioned next to the Duplin County Health Department with direct access to Interstate 40, just 55 miles north of Wilmington and 64 miles south of Raleigh-Durham. Kenansville is located in the center of Duplin County, which is home to James Sprunt Community College. Residents enjoy the close proximity to The Cowan Museum, the Duplin General Hospital, the Duplin County Airport and the Duplin Winery, the oldest winery in North Carolina and largest winery in the Southeast.

Investment Highlights

  • Close Proximity to Wilmington, NC, Just 55 Miles Away on Interstate 40 Close Proximity Just off of S. Main Street and Downtown Kenansville
  • This is a Well-Maintained Property, in the Heart of Kenansville Great Opportunity to Push Rents up to Market with the Restrictive Covenants Recently Expired
  • Excellent Management and Maintenance Team Already in Place

Exclusively Listed By

Listing Price: $1,750,000

Cap Rate
2.03%
Number of Units
36
Price/Unit
$48,611
Price/Gross SF
$89.29
Gross SF
19,600

Investment Highlights

  • Close Proximity to Wilmington, NC, Just 55 Miles Away on Interstate 40 Close Proximity Just off of S. Main Street and Downtown Kenansville
  • This is a Well-Maintained Property, in the Heart of Kenansville Great Opportunity to Push Rents up to Market with the Restrictive Covenants Recently Expired
  • Excellent Management and Maintenance Team Already in Place

Investment Overview

Marcus & Millichap is pleased to present the Grove Creek Apartments. This community consists of 16, two-bedroom units and 20 one-bedroom units just off of S. Main St in Downtown Kenansville. This asset is well-positioned next to the Duplin County Health Department with direct access to Interstate 40, just 55 miles north of Wilmington and 64 miles south of Raleigh-Durham. Kenansville is located in the center of Duplin County, which is home to James Sprunt Community College. Residents enjoy the close proximity to The Cowan Museum, the Duplin General Hospital, the Duplin County Airport and the Duplin Winery, the oldest winery in North Carolina and largest winery in the Southeast.

Exclusively Listed By

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