The Lofts on 5th

Multi-Family for Sale
Catylist Listing ID: 30715287
Property Subtypes: Mixed Use, Student Housing
Number of Units: 12 Units
Building Size (RSF): 23,070 SF
Gross Building Area: See Agent
Sale Price: $2,800,000
Unit Price: $233,333.33 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/28/2021

Overview / Comments

Mixed-Use Building, Adjacent to East Carolina University
23,070 Square Feet | Four (4) Parcels Totaling 0.42 Acres | CD Zoning
22,542 Square Foot Main Building | 528 Square Foot Adjacent Building
12 Unit/33-Bed Loft Apartments Plus Two (2) Retail Units
Includes 24 Parking Spaces and Courtyard for Outdoor Seating
Located in Uptown Greenville, North Carolina

Attachments & Media

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $13,715 (Annual)
Potential Rental Income $306,000 (Annual)
Gross Operating Income $290,700 (Annual)
Net Operating Income $198,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Greenville
County: Pitt
Tax ID/APN: 01357,13228,13229,06650
Zoning: CD-DOWNTOWN COMMERCIAL

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,042 64,244 100,007
Median Age: 24.24 29.52 30.7
Households: 3,771 27,082 41,248
© 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.