23-Unit Investment Opportunity | Greenville, NC

Multi-Family for Sale
Catylist Listing ID: 30787713
Property Subtypes: Student Housing
Number of Units: 23 Units
Building Size (RSF): 22,027 SF
Gross Building Area: See Agent
Sale Price: $4,440,000
Unit Price: $193,043.48 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 5/5/2022

Overview / Comments

This excellent 1031 exchange opportunity is located in the ever-popular submarket near East Carolina University known as "the Grid" and consists 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. This offering provides qualified buyers the opportunity to own high-demand rental properties in a sought-after neighborhood.

Interior inspections shall be a contingency of an accepted offer.

Additional Details

Nearest MSA: Greenville
County: Pitt
Tax ID/APN: 17905, 13516, 17144, 25347, 25316, 05506, 10153, 10156, 10162, 21014, 21015
Zoning: R6S, R6
Percent Occupied: 100%
Highway Access: Hwy 264 & I-587
Airports: PGV - Serviced by American Airlines
Area 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 east of 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 known as "the Grid" and consists 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: 11

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,707 54,518 99,637
Median Age: 22.26 29.48 30.7
Households: 4,062 22,394 40,790

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