Apartment Unit for Sale in NC

If anyone is looking to migrate to the east coast and want to purchase an investment property or personal property. We are selling an approximately 4K sq.ft. building that’s walking distance to downtown. Each unit (4 apartments) has 2bds. 1ba. Sits on an approximately 0.20-acre lot. This building is less than a block away from a new development that is underway on Elizabeth St. which will be a very high dollar project in the millions. Additionally, there are $250K+ housing already built, and more being built around this apartment unit. Asking $800K obo. We’re not motivated sellers so if a reasonable offer can’t be negotiated, we’re fine keeping the building and renting to our current tenants. Three of the four units are occupied and we're able to pull in plenty of money with one unit empty. Current tenants are on a month-to-month lease so if a buyer wanted the building emptied it wouldn't be an issue removing current tenants. We’re working on renovating the fourth unit currently. Additional renovation pictures will be uploaded as completed. Potential investors or developers can make quite a bit of profit from this property. Keeping the building intact with some minor updates to the other three units could easily bring in over 1100 to a1400K a month in rent per unit. Or tearing down the building and erecting multiple units, condos or townhouses can bring in a sizeable return as well. Selling because we’re looking at other investment opportunities outside of the state. Please do not contact us if you’re not a serious buyer. We’re not going to help you figure out cost adjustments and other figures in the area or supply rent rolls and lease information. That’s what you as a buyer/developer should be doing and assessing independently before expressing interest in this property. We will only respond to questions and information about the property and nothing else beyond that. All responses regarding cost analysis from us will be blocked and ignored. Additional pictures will be added once the current unit undergoing renovation is complete.