1578 Ashland Dr - Apartments FOR SALE


Greenville, NC 27834- West Greenville
$2,900,000 USD
919-302-3298
1578 Ashland Dr, Greenville, NC for Sale
$2,900,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1578 Ashland Dr
Greenville, NC 27834
West Greenville


HIGHLIGHTS

  • Multi-Family Inestment

OVERVIEW

Century 21 Commercial is pleased to offer for sale a 41 unit multifamily property in Greeneville, NC. 41 Unit Multifamily assemblage. Great investment in a growing market. Upside: Over $220,000 in major capital improvements completed over the past 18 months. New roofs, HVAC systems, flooring, and unit up fits. Landscape and maintenance crews in place with property management firm. Low vacancy. 1 year leases in place to allow for increased rents to meet market comps. Property includes: 22 units 1 Bed / 1 Bath, 6 units 2 Bed / 1.5 Bath, 12 units 2 Bed / 1 Bath, 1 Single family house. Pro-Forma NOI at $233,926. A great deal of opportunity with this property. 5 miles to major employer ECU Medical Center 2100 Stantonsburg Rd, Greenville, NC 27834 Tenants in place and we ask that they are not disturbed. Please contact the listing agent for rent rolls, expenses and capital improvements. Please contact the agent to schedule a showing.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

41

PRICE/UNIT

$70,732

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stantonsburg West Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.09 AC

LAND SF

570,200 SF

ZONING

RR - APT

APN/PARCEL ID

041423

ASK ABOUT THIS PROPERTY

Pat FlanaganCentury 21 Commercial Triangle GroupMore Info
919-302-3298

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Pat FlanaganCentury 21 Commercial Triangle GroupMore Info
919-302-3298

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.