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    1202 Carolina Ave

    Elizabeth City, NC 27909
    • $449,900
    • STATUS: Active
    • ON SITE: 135 days
    • ID#: 101895
    UPDATED: 76 min ago
    $449,900
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,800
      SQFT
    • $94
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Multi-Family
    Built:
    1952
    County:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Great investment opportunity with this eight unit apartment building in Elizabeth City historic Riverside area. Originally known as the Gill Professional Building. Just a short walking distance to the riverfront, as well as being close to shopping & local restaurants.Currently all units are leased making this investment profitable as soon as you close the deal. Offering over a 9% return on investment with its current income of over $5,500 a month. If you have investors this could be the next great addition to their portfolio with instant cash flow. Bring them to take a look!

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    IDX information © 2021 Albemarle Area Association of Realtors®. The data relating to real estate for sale on this website comes in part from the (IDX)Internet Data Exchange Program of the Albemarle Area Association of Realtors, Multiple Listing Service. Real estate listings held by brokerage firms other than the Realtor owner of this website are marked with the Internet Data Exchange logo (IDX) or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firm. Information on this website is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated: 2021-04-18T07:20:30.077
    www.krisweaver.com/homes/112350706
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    1202 Carolina Ave Elizabeth City, NC 27909

    • Price: $449,900
    • Status: Active
    • Updated: 76 min ago
    • ID#: 101895
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    4,800
    SQFT
    $94
    $/SQFT
    1952
    Built
    Neighborhood:
    N/A
    County:
    Pasquotank
    Area:
    Elizabeth City
    Elementary School:
    Jc Sawyer
    Middle School:
    River Road
    High School:
    Northeastern
    Property Description
    Great investment opportunity with this eight unit apartment building in Elizabeth City historic Riverside area. Originally known as the Gill Professional Building. Just a short walking distance to the riverfront, as well as being close to shopping & local restaurants.Currently all units are leased making this investment profitable as soon as you close the deal. Offering over a 9% return on investment with its current income of over $5,500 a month. If you have investors this could be the next great addition to their portfolio with instant cash flow. Bring them to take a look!
    Exterior Features

    Access City Street Construction Brick Foundation Crawl Space Number Of Electric Meters 5 Number Of Off Street Parking Spaces 8 Number Of Water Meters 1 Parking Off-Street Parking Roof Flat Waterfront None

    Interior Features

    Air Conditioning OtherWindow Units Heating System Water To Air Heat PumpOther Unit Description RefrigeratorRange/Oven Unit1 Baths 1 Unit1 Bedrooms 2 Unit2 Baths 1 Unit2 Bedrooms 2 Unit2 Rent 625 Unit3 Baths 1 Unit3 Bedrooms 1 Unit4 Baths 1 Unit4 Bedrooms 1

    Property Features

    Area Description Riverside Average Rental $701-$900 City Limits 1 Electric Company City Of Elizabeth City Financing CashConventional Flood Zone Other Location Corner LotCity Lot Number Tbd Miscellaneous None Number Of Stories Two Number Of Units 8 Occupancy Rate 90-100% Owner Expenses ElectricityHeatingCoolingLawn CareWaterSewer Sewer City Sewer Type And Style Five Or More Units Type Rental Annual Unit1 Rent 750 Unit3 Rent 750 Unit4 Rent 750 Utilities Electricity ConnectedNatural Gas AvailableSewer ConnectedWater Connected Water County

    Offered by John Aydlett of Hall & Nixon Real Estate, Inc.


    IDX information © 2021 Albemarle Area Association of Realtors®. The data relating to real estate for sale on this website comes in part from the (IDX)Internet Data Exchange Program of the Albemarle Area Association of Realtors, Multiple Listing Service. Real estate listings held by brokerage firms other than the Realtor owner of this website are marked with the Internet Data Exchange logo (IDX) or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firm. Information on this website is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated: 2021-04-18T07:20:30.077
     
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    The Kris Weaver Real Estate Team
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    Virginia Beach VA, 23452