2915 Macgregor Downs Rd - Apartments FOR SALE


Greenville, NC 27834- West Greenville
$1,930,000 USD
919-669-4931
2915 Macgregor Downs Rd, Greenville, NC for Sale
$1,930,000 USD
Apartments - FOR SALE
1/4
null | 6.5% Cap Rate

2915 Macgregor Downs Rd
Greenville, NC 27834
West Greenville


HIGHLIGHTS

  • Twelve, 100% leased townhomes offered together as a package
  • Great income-producing properties
  • Solid track record of high occupancy
  • Ideal location just minutes from ECU Health, ECU & Downtown Greenville
  • No current tenants are students, all working professionals
  • All 2 Bed / 2.5 Bath floor plans

OVERVIEW

Ideally located just minutes from the ECU Health Medical Center, Downtown Greenville, and East Carolina University, the Property offers convenient access to the area’s largest employment, healthcare, and educational hubs. The asset is situated less than one mile from the interchange of U.S. Highway 264 and Interstate 587, providing excellent regional connectivity throughout Eastern North Carolina. The Property consists of twelve, 100% leased, well-maintained townhome units situated on approximately 1.0 acre. Built in 2016, each residence features a functional two-bedroom, two-and-one-half-bath floor plan designed to appeal to working professionals and long-term residents. Since completion, the Property has maintained consistently strong occupancy. The current tenant base is comprised entirely of working professionals rather than student renters, contributing to stable cash flow and reduced turnover. The combination of modern construction, durable design, a desirable location, and a proven operating history presents investors with an attractive, low-maintenance multifamily investment opportunity in one of Greenville’s strongest rental corridors.

FOR SALE DETAILS

PRICE

$1,930,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

12

PRICE/UNIT

$160,833

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MacGregor West Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2016

PARKING SPACES

26

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,463 SF

ZONING

MR

APN/PARCEL ID

004266

ASK ABOUT THIS PROPERTY

David DivineLee & AssociatesMore Info
919-669-4931

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David DivineLee & AssociatesMore Info
919-669-4931

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