For Sale
$725,000

209 The BlvdEden, NC 27288

7-Unit, Fully Renovated Multifamily

Overview

Added:
Dec 11, 2024
Days on market:
116
This fully renovated, 7-unit apartment building in Eden, NC presents a turnkey investment opportunity. Boasting 6,000 square feet on a 5,800-6,200 square foot lot, the property features six spacious two-bedroom apartments and one office/studio unit. A complete 2024 renovation included a new TPO roof, individual electrical panels, meters, and HVAC systems for each unit. Modern amenities in each two-bedroom unit include brand-new electric stoves, dishwashers, refrigerators, vent hoods, and in-unit washers and dryers, complemented by high-end cabinetry and granite countertops. Currently 100% occupied, tenants are responsible for their own electricity, minimizing maintenance responsibilities for the owner. The building is classified as Class A, with a strong NOI of $61,345 and an 8.46% cap rate. Located in Eden, NC, this property benefits from a growing local economy and convenient access to Greensboro, Winston-Salem, and Danville, VA. The permitted zoning is BC/ED. This two-story, 1927-built building offers a blend of classic charm and modern efficiency, making it an attractive investment in a thriving North Carolina community. Asking price is $725,000, with a price per square foot of $120.83.

Highlights

  • 2024 Fully renovated apartment building with modern amenities and high-end finishes.
  • Fully occupied with reliable tenants, offering a low-maintenance, turnkey investment opportunity. Tenants pay their own electricity.
  • Seven-unit building featuring six two-bedroom apartments and one office/studio unit.
  • Two-bedroom apartments include new appliances (stove, dishwasher, refrigerator, vent hood, washer/dryer), high-end cabinetry, and granite countertops.
  • New TPO roof and individual unit electrical panels, meters, and HVAC systems for energy efficiency.

Property Details for 209 The Blvd

Property type
Office properties, Apartment buildings
Square Feet
6,000 SF
Class
A
Year Built/Renovated
1927/1
Stories
2
Units
7

Location Insight

City
Eden
County
Rockingham
State
North Carolina
Latitude
36.5025901
Longitude
-79.7680348
209 The Blvd, Eden, North Carolina

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209 The Blvd
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