Waterstone Multi-Family Group is pleased to present the Bearfoot Landing apartments, a 72-unit complex located in New Bern, NC. New Bern is a riverfront City near the coast and on the James city Fairfield Harbor/ Neuse River. New Bern is extremely historic in nature and a good sized coastal city that has become a wonderful place to live, vacation and retire.
Bearfoot Landing is the quintessential property that every “value add” investor is looking for. It is extremely well situated with plenty of road frontage (on a corner) and across the street from historic homes. It is located just three minutes from historic Tryon Palace and the downtown city district, located just three minutes from the Carolina East Medical Center, three minutes from the nearest school, six minutes from the airport, seven minutes from the New Bern shopping and commercial district, and twenty-seven minutes from the Marine Corps Air Station at Cherry Point along the Neuse River. With a very strong location, the property has very strong “bones” as it is all brick and has almost all hardwood floors hidden under the carpet.
Property Rents are currently among the lowest in the market. This property can expect an exceptional rise in rent based on a complete rehab. With rents currently in the low 600’s, average rental rates in the area are significantly higher. Roof, landscaping, and interior upgrades will go a long way to making this an excellent long term investment.
- Address: 1350 Trent Boulevard New Bern, North Carolina
- Area: New Bern
- Number of Units: 74