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.
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Laney Jones
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209 The Blvd, Eden, North Carolina, 27288
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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209 The Blvd
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