Stantonsburg West Apartments | 1578 Ashland Dr
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Stantonsburg West Apartments 1578 Ashland Dr
41 Unit Block of Flats For Sale Greenville, NC 27834
Investment Highlights
- Multi-Family Inestment
Executive Summary
Century 21 Commercial is pleased to offer for sale a 41 unit multifamily property in Greeneville, NC.
41 Unit Multifamily assemblage. Great investment in a growing market.
Upside:
Over $220,000 in major capital improvements completed over the past 18 months.
New roofs, HVAC systems, flooring, and unit up fits.
Landscape and maintenance crews in place with property management firm.
Low vacancy. 1 year leases in place to allow for increased rents to meet market comps.
Property includes: 22 units 1 Bed / 1 Bath, 6 units 2 Bed / 1.5 Bath, 12 units 2 Bed / 1 Bath, 1 Single family house.
Pro-Forma NOI at $233,926. A great deal of opportunity with this property.
5 miles to major employer ECU Medical Center 2100
Stantonsburg Rd, Greenville, NC 27834
Tenants in place and we ask that they are not disturbed.
Please contact the listing agent for rent rolls, expenses and capital improvements.
Please contact the agent to schedule a showing.
41 Unit Multifamily assemblage. Great investment in a growing market.
Upside:
Over $220,000 in major capital improvements completed over the past 18 months.
New roofs, HVAC systems, flooring, and unit up fits.
Landscape and maintenance crews in place with property management firm.
Low vacancy. 1 year leases in place to allow for increased rents to meet market comps.
Property includes: 22 units 1 Bed / 1 Bath, 6 units 2 Bed / 1.5 Bath, 12 units 2 Bed / 1 Bath, 1 Single family house.
Pro-Forma NOI at $233,926. A great deal of opportunity with this property.
5 miles to major employer ECU Medical Center 2100
Stantonsburg Rd, Greenville, NC 27834
Tenants in place and we ask that they are not disturbed.
Please contact the listing agent for rent rolls, expenses and capital improvements.
Please contact the agent to schedule a showing.
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£275,113
|
£8.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£2,179
|
£0.07
|
| Effective Gross Income |
£272,934
|
£8.66
|
| Taxes |
£13,182
|
£0.42
|
| Operating Expenses |
£74,405
|
£2.36
|
| Total Expenses |
£87,587
|
£2.78
|
| Net Operating Income |
£185,347
|
£5.88
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £275,113 |
| Annual Per SF | £8.73 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £2,179 |
| Annual Per SF | £0.07 |
| Effective Gross Income | |
|---|---|
| Annual | £272,934 |
| Annual Per SF | £8.66 |
| Taxes | |
|---|---|
| Annual | £13,182 |
| Annual Per SF | £0.42 |
| Operating Expenses | |
|---|---|
| Annual | £74,405 |
| Annual Per SF | £2.36 |
| Total Expenses | |
|---|---|
| Annual | £87,587 |
| Annual Per SF | £2.78 |
| Net Operating Income | |
|---|---|
| Annual | £185,347 |
| Annual Per SF | £5.88 |
Property Facts
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Yard
- Family Room
- Lawn
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 650 |
| 2+1 | 12 | - | 650 |
| 2+1.5 | 6 | - | 650 |
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zoning
| Zoning Code | RR - APT |
| RR - APT |
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Stantonsburg West Apartments | 1578 Ashland Dr
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