100 John Court • Havelock, NC 28532

Year Purchased: 2020
Purchase Amount: $1,600,000.00
Equity: $612,000.00

Christopher Downs Apartments were purchased in December 2020. Christopher Downs is a 20-unit apartment community in Havelock, NC. Built in 2002, the buildings are well-maintained with many desirable features, including washers and dryers, many with hardwood vinyl flooring, ceiling fans and spacious layouts. The operating plan was to boost NOI by organically increasing rents while also increasing the marketing of units at turnover.