Investment Property | Multiple Duplexes | Downtown Greenville, NC

Multi-Family for Sale
Catylist Listing ID: 30429215
Property Subtypes: Duplex/Fourplex
Number of Units: 6 Units
Building Size (RSF): 7,200 SF
Gross Building Area: See Agent
Sale Price: $420,000 - 450,000
Unit Price: $70,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.5%
Average Occupancy Rate: 100
Last Updated: 5/21/2019

Overview / Comments

Wyndham Circle is a nice duplex community in downtown Greenville less than one mile from East Carolina Universities campus and has been a long standing great rental market for its owners. We have 3 duplexes (6 doors) available that are all 3 bedrooms, 2 bathrooms each. All are currently 100% occupied and the rental rates are all $750 each except one being $700. Each unit is roughly 1200 SF. There is an HOA that is $24 each per month which takes care of all the lawn maintenance and mulch at the units so the grounds of the property are consistently well maintained. All the roofs on these 3 buildings have been replaced within the last 5 years. Several new HVAC's as well. The tenants and owners have direct access to Greenville's greenway which is a paved walking/biking trail alongside the Tar River.

Additional Details

Nearest MSA: Greenville
County: Pitt
Tax ID/APN: 51456, 51455, 51458, 51457, 51479, 51480
Zoning: PUD
Percent Occupied: 100%
Community Amenities: Jogging Paths, On-Site Maintenance
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 1
Year Built: 1993
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: The exterior of all the duplexes in Wyndham Circle are painted wood siding with asphalt shingles. Front and back porches on each unit.
Parking Type: Surface
Parking Description: Each unit has its own concrete driveway sufficient for 3 cars.
Laundry: In Each Unit
Sprinklers: None
Heat Source: Central
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,512 50,593 99,637
Median Age: 21.97 29.55 30.7
Households: 3,408 20,452 40,790

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