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Multifamily

Maysville Village Apartments

701 Maple Ave, Maysville, NC 28555

Listing Price: $860,000

Cap Rate
5.56%
Number of Units
12
GRM
8.20
Occupancy
97.0%
Price/Unit
$71,667

Investment 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.

Investment 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 Renovations

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Multifamily

Maysville Village Apartments

Listing Price: $860,000

Cap Rate
5.56%
Number of Units
12
GRM
8.20
Occupancy
97.0%
Price/Unit
$71,667

Investment 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 Renovations

Investment 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.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

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