ARLINGTON WEST & PECAN GROVE – 168 UNITS IN GREENVILLE, NC
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.
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 |
Agent Information Michael Deaton
Location Map
ARLINGTON WEST & PECAN GROVE – 168 UNITS IN GREENVILLE, NC