ARLINGTON WEST & PECAN GROVE – 168 UNITS – GREENVILLE, NC
SOLD 3/19/21 FOR $8,750,000 ($52,083 per unit)
Deaton Investment Real Estate served as the exclusive seller’s agent and was the sole broker in this transaction.
Arlington West and Pecan Grove apartments are located in Greenville, NC. Built in 1986, Pecan Grove features 94 units with a mix of 26, two-bedroom and 68, one-bedroom units. Arlington West was constructed in 1996 with 74 units and a mix of 16, two-bedroom and 58, one-bedroom units. This represents a total of 168 units and a mix of 25% two-bedroom and 75% one-bedroom units.
Centrally located on W. Arlington Boulevard, Arlington West and Pecan Grove are within minutes of the largest economic drivers in the market; Vidant Medical Center, Downtown Greenville, and East Carolina University. The property also benefits from walkability to multiple retail, dining, entertainment and recreation options. This presents an opportunity to increase income and add value through strategic improvements.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| PG - 68 UNITS | 1 BD/ 1 BA | 1,531 SF | $475 AVG |
| PG - 26 UNITS | 2 BD/1 BA | 1,531 SF | $525 AVG |
| AW - 58 UNITS | 1 BD/1 BA | 3,062 SF | $500 AVG |
| AW - 16 UNITS | 2 BD/1 BA | 1,350 SF | $595 AVG |
PROPERTY INFORMATION
| PIN | 4677555051 |
| Tax Value | $7,142,856 |
| Taxes | $103,750.30 |
| Lot Size | 8.14 ACRES |
| Year Built | 1986 & 1996 |
| Exterior | BRICK, VINYL |
| Floors | CARPET, VINYL |
| Foundation | SLAB |
| HVAC | CENTRAL AIR, HEAT PUMPS, PECAN GROVE 1-BEDS HAVE WINDOW A/C AND BASEBOARD HEAT |
| Utilities | OWNER PAYS WATER |
| Legal Description | LINDBETH GROVE |
| Appliances | RANGE, REFRIGERATOR, WASHER/DRYER CONNECTIONS, ARLINGTON WEST ALSO HAS DISHWASHERS |
| Sold Date | 2021-03-19 |
| Zoning | R6 |
Agent Information Michael Deaton
Location Map
ARLINGTON WEST & PECAN GROVE – 168 UNITS – GREENVILLE, NC
