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

Price:

$8,900,000

Status:

Sold

Address:

1600 W Arlington Blvd, Greenville, NC 27834, USA

Overview:

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

UnitTypeRent
PG - 68 UNITS1 BD/ 1 BA$475 AVG
PG - 26 UNITS2 BD/1 BA$525 AVG
AW - 58 UNITS1 BD/1 BA$500 AVG
AW - 16 UNITS2 BD/1 BA$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 Owner Financing NONE
Utilities OWNER PAYS WATER Appliances RANGE, REFRIGERATOR, WASHER/DRYER CONNECTIONS, ARLINGTON WEST ALSO HAS DISHWASHERS
Legal Description LINDBETH GROVE Zoning R6
Sold Date 03/19/2021