Hunting Ridge

2506 East 10th Street, Greenville NC 27858

$ 535,000

Hunting Ridge

2506 East 10th Street, Greenville NC 27858
ASSET TYPEGarden Apartments
PRICE$ 535,000
PER UNIT$ 66,875
TOTAL UNITS8
OCCUPANCY100%
YEAR BUILT1963
MARKETGreenville & ECU
STATUSIn Contract

Highlights

➤ Quaint 8-unit apartment building with value-add potential and an excellent location, down the street from East Carolina University (ECU) and Downtown Greenville, North Carolina

➤ Offered at a 6.4% CAP Rate on actual annualized numbers with below-market rents and solid upside

➤ 3 of the 8 units have already been remodeled, so it's primed and ready to capitalize on remodeling the remaining units and pushing rents

➤ Situated directly on East 10th Street with great street frontage and lots of drive by traffic

➤ Ideal opportunity to acquire a smaller multifamily asset in a rapidly growing market or add to an existing portfolio

Photos

Financials

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Location

Contact

Mike Siciliano

919.861.9730 x2
Mike@ApartmentCore.com