ARLINGTON WEST & PECAN GROVE – 168 UNITS IN GREENVILLE, NC

PRICE:
$ 12,300,000
STATUS:
Sold
ADDRESS:
1600 W Arlington Blvd, Greenville, NC 27834, USA
OVERVIEW:

SOLD 4/21/2022 FOR $12,300,000
$73,214 per unit

Deaton Investment Real Estate represented the seller and was the sole broker in this off-market 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. This presents an opportunity to increase income and add value through strategic improvements.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
PG - 68 UNITS 1BD/1BA 830 SF - 850 SF $550
PG - 26 UNITS 2BD/1BA 988 SF - 1,050 SF $650
AW - 58 UNITS 1BD/1BA 123,737 (TOTAL) $625
AW - 16 UNITS 2BD/1BA 984 SF - 1,002 SF $750
PROPERTY INFORMATION
PIN 4677555051
Tax Value $7,142,856
Taxes $83,828.56
Lot Size 8.14 ACRES
Year Built 1986 & 1996
Exterior BRICK & SIDING
Floors CARPET & VINYL
Foundation SLAB
HVAC CENTRAL AIR/HEAT PUMP
Utilities OWNER PAYS WATER
Legal Description LINDBETH GROVE
Appliances RANGE, REFRIDGERATOR, DISHWASHER, WASHER/DRYER CONNECTION
Sold Date 2022-04-21
Zoning R6

Location Map

ARLINGTON WEST & PECAN GROVE – 168 UNITS IN GREENVILLE, NC
Address: 1600 W Arlington Blvd, Greenville, NC 27834, USA Price: $ 12,300,000 Unit: 168