ELM VILLA APARTMENTS – 33 UNITS IN GREENVILLE, NC
Deaton Investment Real Estate is pleased to offer the exclusive listing of Elm Villa Apartments, a 33-unit apartment community in Greenville, N.C. The asset is located off South Elm Street in Downtown Greenville and is within walking distance to East Carolina University (Fall 2022 enrollment of 27,152 students). The property is situated on 1.14 acres and features eight 2BD/1BA units and twenty-five 1BD/1BA units, most of which have been renovated and well maintained. This asset is positioned for significant organic upside as most units are renting well below newly signed rents that continue to climb. Current average in-place rent for the one- and two-bedroom units are $710 and $929, respectively. Current asking rents are $949 for the one-bedroom units and $1,149 for the two-bedroom units.
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
PROPERTY INFORMATION
| PIN | 4688707715 |
| Tax Value | $972,866 (REASSESSMENT SCHEDULED FOR 2024) |
| Taxes | $15,259 (INCLUDES MULTIFAMILY SOLID WASTE FEE OF $3,840) |
| Lot Size | 1.14 ACRES |
| Year Built | 1963 |
| Exterior | BRICK |
| Floors | LVP, TILE, VINYL, CARPET |
| Foundation | CRAWL |
| HVAC | MINI SPLITS, WINDOW A/C |
| Utilities | OWNER PAYS WATER, SEWER, GAS FOR WATER HEATER |
| Legal Description | WILSON ACRES EXTENSION 1 7,7A,8A |
| Appliances | RANGE, REFRIGERATOR, LAUNDRY ON-SITE |
| Zoning | R6S |
Agent Information Michael Deaton
Location Map
ELM VILLA APARTMENTS – 33 UNITS IN GREENVILLE, NC