209 The BlvdEden, NC 27288

Property Details for 209 The Blvd

Year built

1927

Lot size

0.14 AC

Property size (Sq ft)

5,600 SF

Zone code

CENTRAL BUS EDEN

Property type

Retail properties

Property subtype

Retail space

APN

7070-14-42-2710-00

APU

70701442271000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $903,147

  6.5%

  $833,674

  7%

  $774,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,791,278

  Geo Method

  $3,239,268

• Alternative Use

  Use

  Valuation

  Residential

  $703,235

  Hospitality

  $644,160

  Educational

  $535,933

  Medical

  $554,365

  Retail

  $833,674

Location Insight

City

Eden

County

Rockingham

State

North Carolina

Latitude

36.5025

Longitude

-79.7681

CBSA code

24660

CBSA name

GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].