209 The Blvd - Apartments FOR SALE


Eden, NC 27288
$724,153 USD
336-345-1500
209 The Blvd, Eden, NC for Sale
$724,153 USD
Apartments - FOR SALE
1/35
null | 8.5% Cap Rate

209 The Blvd
Eden, NC 27288


HIGHLIGHTS

  • New 6mm-20mil LVP Flooring throughout; New Plumbing throughout
  • Renovations completed 2024
  • New TPO Roof (2023) with 2" Poly ISO Insulation; 60 mil White--25 year
  • This property is available for purchase either as part of a portfolio or individually

OVERVIEW

FULLY LEASED. Renovations completed May of 2024. Six Residential two bedrooms and one office = 7 unit. Proximity (1 mi.) to Riverside/Municipal Greenway walking trails and paddling access. Around a 10-minute drive to Nestle Purina Pet Care (Eden, NC); $450 MM investment for a 1.3 million sf facility providing 300 initial jobs Around a 15-minute drive to SOVA/Berry Hill Megasite (Danville, Va); 3,528 acre site bringing thousands of jobs to the area when complete Around 24 mi. to Caesar's Virginia Casino in Danville; bringing thousands of jobs Current property manager to offer free releasing/leasing services and discounted property management services for one year after new owner (Buyer) acquires the property Current waiting list for future tenants This property is available for purchase either as part of a portfolio or individually

FOR SALE DETAILS

PRICE

$724,153 USD

PRICE/SF

$121 USD /SF

# OF UNITS

7

PRICE/UNIT

$103,450

CAP RATE

8.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Two River Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,876 SF

ZONING

BC/ED

APN/PARCEL ID

173212

ASK ABOUT THIS PROPERTY

Will BlackwellNAI Piedmont TriadMore Info
336-345-1500

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Will BlackwellNAI Piedmont TriadMore Info
336-345-1500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.