244 The Blvd - Apartments FOR SALE


Eden, NC 27288
$272,858 USD
336-345-1500
244 The Blvd, Eden, NC for Sale
$272,858 USD
Apartments - FOR SALE
1/12
null | 8.5% Cap Rate

244 The Blvd
Eden, NC 27288


HIGHLIGHTS

  • Located in the charming area known as "The Boulevard District"
  • Renovations completed Sept. of 2023
  • New Metal Roof--25yr
  • This property is available for purchase either as part of a portfolio or individually

OVERVIEW

FULLY LEASED. Adaptive Re-use Multifamily Property with two (2) Residential Units & one (Storefront Retail / Office space (Metered Separately) 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 for future tenants This property is available for purchase either as part of a portfolio or individually

FOR SALE DETAILS

PRICE

$272,858 USD

PRICE/SF

$81 USD /SF

# OF UNITS

2

PRICE/UNIT

$136,429

CAP RATE

8.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

244 The Blvd, Eden (Portfolio 2 of 3)

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,099 SF

ZONING

BC/ED

APN/PARCEL ID

106217

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.