For Sale
$475,000

519 Mckinley AveGreenville, NC 27834

Six-unit multifamily, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Greenville, NC investment opportunity presents three duplex buildings situated on a 0.31-acre lot (APN 17910). The property, zoned R6, offers a total of 4,800 square feet and six rental units, each currently leased. Four of the six units underwent a complete renovation in 2023, featuring new flooring, windows, paint, and appliances. The property boasts a strong 7.79% capitalization rate and a net operating income (NOI) of $37,000, translating to a price per unit of $79,166.67 and a price per square foot of $98.96. The asking price for this turnkey investment is $475,000. This property presents a compelling value-add opportunity for investors seeking a high-yield asset in a desirable location. The address is 519 McKinley Ave, Greenville, NC 27834. This fully leased property offers immediate cash flow and significant potential for future appreciation. The recent renovations ensure long-term value and minimize immediate maintenance needs. This is an ideal opportunity for investors seeking a stable and profitable addition to their portfolio.

Highlights

  • Three renovated duplex buildings on a 0.31-acre lot in Greenville, NC.
  • Six fully leased units totaling 4,800 square feet.
  • Four units completely renovated in 2023.
  • 7.79% capitalization rate and $37,000 NOI.
  • Asking price: $475,000 ($79,167 per unit, $98.96 per square foot).
  • R6 zoning.

Property Details for 519 Mckinley Ave

Property type
Square Feet
4,800 SF
Year Renovated
2023
Buildings
3
Lot Size (sq. ft)
13,504 SF
Units
6

Location Insight

City
Greenville
County
Pitt
State
North Carolina
Latitude
35.611782841014
Longitude
-77.385413270255
519 Mckinley Ave, Greenville, North Carolina

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519 Mckinley Ave
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