33 Unit SFR, Duplex, & Triplex Investment Portfolio

Multi-Family for Sale
Catylist Listing ID: 30668147
Property Subtypes: Duplex/Fourplex, Student Housing
Number of Units: 33 Units
Building Size (RSF): 31,509 SF
Gross Building Area: See Agent
Gross Land Area: 2.95 Acres
Sale Price: $5,150,000
Unit Price: $156,060.61 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/24/2020

Overview / Comments

The Overton Group is pleased to offer for sale this ECU-adjacent investment portfolio consisting of sixteen parcels with a mix of single family homes, duplexes, and triplexes!

This excellent 1031 exchange opportunity is located in the ever-popular submarket near East Carolina University know as "the Grid" and consisting primarily of SFRs with a student rental population. The neighborhood abuts downtown Greenville, a CBD experiencing rapid growth and development. Very rarely does an opportunity to acquire several single-family leased properties in one transaction occur in this stable neighborhood. The properties provide immediate, stable rental income with significant upside. Homes range from 1,200-2,600 SF. Homes are fully leased, many through fall 2022. This offering provides qualified buyers the opportunity to own high demand rental properties in a sought after neighborhood.

Email brokers for full OFFERING MEMORANDUM.

Interior inspections shall be a contingency of an accepted offer.

Additional Details

Nearest MSA: Greenville
County: Pitt
Tax ID/APN: 4688519225
Zoning: R6S, R6
Percent Occupied: 100%
Property Located Between: Downtown Greenville, NC and Hwy 264/Hwy 33
Airports: Pitt-Greenville Airport
Site Description: North Carolina is known for beautiful beaches, stunning mountain vistas, and many other natural resources that both residents and visitors seek out. Greenville, North Carolina is an ideal location for businesses and residents. About 80 easy miles each to Raleigh and the beautiful beaches of the Crystal Coast, Greenville has emerged as a thriving economic, educational, medical, and cultural hub of eastern North Carolina. The city has surged to become one of the state’s top 10 cities with a population of more than 175,000 residents in the MSA. East Carolina University provides a stable foundation to Greenville's economy with an enrollment of 30,000. This excellent 1031 exchange opportunity is located in the ever-popular submarket near East Carolina University know as "the Grid" and consisting primarily of SFRs with a student rental population. Very rarely does an opportunity to acquire several single-family leased properties in one transaction occur in this stable neighborhood.
Total Number of Buildings: 16
Property Condition: Good
Number of Stories: 2

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,374 64,244 97,231
Median Age: 23.23 29.52 30.73
Households: 4,196 27,082 39,954

Contact

© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.