Coastal Villas – 44 Units

CONTACTS

John Bergin & Joshua Scango

704-668-6361

Waterstone Multi-Family Group is pleased to present the Coastal Villas Apartments, a 44-unit complex located in Southport, NC. This low income, senior housing property was built in 1999. Coastal Villas is situated in an ideal location within close proximity to restaurants and retail shops including Walgreens, Lowes, and CVS and approximately 3 miles from the coast.

Southport is a city in Brunswick County, near the mouth of the Cape Fear River and approximately 2 miles inland from the Atlantic Ocean.  Southport is home to Deep Point Marina who operate the only ferry access to Bald Head Island.

Coastal Villas is a well maintained, fully stabilized property with the potential for a slight rental increase. The property is comprised of 22 two bedroom/one bath units and 22 one bedroom/one bath units.

Amenities/updates include:

  • Laundry center
  • Gazebo
  • New roofs
  • Upgraded HVAC
  • Recently striped pavement
  • Well appointed, bungalow style one- and two-bedroom floor plans
  • Fully equipped kitchens: Refrigerator, range, microwave, pantry and breakfast bar

 

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Other

  • Address: 5339 Dosher Cutoff Southeast Southport, North Carolina 
  • Area: Southport 
  • Number of Units: 44 
  • Year Built: 1999 
  • Acres: 7.65