Osprey Cove North

About Osprey Cove North

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 236-unit Osprey Cove North apartment community located in Jacksonville, NC. This asset is strategically located in a unique market, anchored by Camp Lejeune Marine Base and just 2 miles from Marine Corps Air Station New River. Built in 1971, Osprey Cove North offers an outstanding opportunity to invest in a quality, low maintenance asset that has received close to $600K in capital improvements since March 2021. Continuing the proven value-add initiative at Osprey Cove North could potentially boost the trailing 12-month NOI by over 37%. With only 56 unit deliveries since 2015 and nearly zero deliveries projected through 2024, the lack of development pipeline will continue to drive rent increases in Jacksonville’s low-risk, stable economy.