This Multifamily Property is Off-Market.

159 Wellingham Avenue
Greenville, NC 27834 ·

80 Units · Multifamily For Sale

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Wellingham Apartments

Price N/A Property Use Type Investment
No. Units 80 Cap Rate 6.72%
Building Size 54,720 SF No. Stories 2
Property Type Multifamily Year Built 1999
Property Sub-type Garden/Low-Rise Lot Size 4.64 AC
Listing ID: 15119693 Date Created: 05/02/2007 Last Updated: 01/02/2008

Description

Built in 1999, Wellingham Apartments is an 80-unit apartment community situated on 4.6361 acres and is comprised of five (5) two-story garden-style buildings that have a total of 80 apartment units consisting of 60 one-bedroom one-bath units and 20 two-bedroom one-bath units. The individual apartments feature vaulted ceilings on second floor units, spacious covered patios or decks, oversized closets, range, refrigerator, dishwasher, washer-dryer connection, and cable connection.

Wellingham Apartments is located in Greenville, which is in the north central coastal plain region of Eastern North Carolina, approximately 85 miles east of Raleigh, the capital city of North Carolina, 87 miles west of the Atlantic Ocean, and 265 miles south of our nation's capital. Greenville is the home of East Carolina University ( ECU ) with a current student enrollment exceeding 23,000. The property is located off South Evans Street just three miles south of the downtown historic district and the ECU campus, and one mile south of Greenville Boulevard (Interstate 264), a major commuting route which allows easy access to Raleigh to the west and the North Carolina coast to the east.

Highlights

  • Three miles south of downtown Greenville and ECU.
  • Quality all-brick exterior construction with vinyl covered trim.
  • Close to schools, shopping, entertainment, restaurants.
  • Open steel exterior stairways with metal entry doors.
  • Area of new development and upscale single family homes.
  • Purchase price is below today’s replacement cost.

Research

159 Wellingham Avenue, Greenville, NC 27834 (Pitt County)

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