FOR SALE: Jacksonville, NC Portfolio

FOR SALE: Jacksonville, NC Portfolio: Azalea Gardens, Park West and Crown Apartments. This Portfolio consists of 254 units within 26 residential buildings, with units well below market rates, and prime value-add opportunities that will allow for further rent increases. The assets may be purchased separately. Jacksonville, NC is ideal for the coastal living lifestyle while providing access to jobs, culture, entertainment, shopping and dining. The properties are located minutes from prime economic drivers in the area including the largest employers and prime retail hubs.

All of these properties can grow their rental revenue organically.

Azalea Gardens
Address 902 Gum Branch Road
Jacksonville, NC 28540
Year Built 1970
Number of Units 90
Buildings 11
Occupancy 99%
Avg. Unit Size 822 SF
Avg. Rent $686
Avg. Rent/SF $1.11
Park West Apartments
Address 203 Valencia Drive
Jacksonville, NC 28546
Year Built 1987
Number of Units 104
Buildings 14
Occupancy 98%
Avg. Unit Size 894 SF
Avg. Rent $818
Avg. Rent/SF $0.93
The Crown Apartments
Address 190 Valencia Drive
Jacksonville, NC 28546
Year Built 2009
Number of Units 60
Buildings 3
Occupancy 93%
Avg. Unit Size 943 SF
Avg. Rent $1,076
Avg. Rent/SF $1.11


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Windy Parsons
Vice President
(336) 688‐2320

Brandon Fox
Vice President
(919) 670‐9814

Jackson Howard
(910) 635‐0240
Don-Carlos Moniz
(910) 988-6653
Rob Ferguson
Vice President of Sales
(910) 730-4348


Bill Cobey

(919) 961-8888
Rosalyn Funez
(919) 364-6773
Cameron Thigpen
(910) 483-0516
Brett Yates
(919) 801-6301