GEORGETOWN APARTMENTS – 110 UNITS IN TARBORO

PRICE:
$ 6,000,000
STATUS:
Off Market
ADDRESS:
405 Speight Ave, Tarboro, NC 27886, USA
OVERVIEW:

Georgetowne Apartments is a 110 unit apartment community constructed in two distinct phases. Phase I, built between 1968-1972, includes 60 units. Phase II, built 1999-2000, has 50 units. The property has historically operated above 98% occupancy with rental rates below market. One of only two market rate communities in Tarboro, the asset is professionally managed and is in immaculate condition.

Georgetowne is conveniently located just off Western Blvd. in Tarboro. The property is within walking distance to Tarboro High School and adjacent to Riverside Plaza, a retail center offering multiple dining, entertainment and retail conveniences.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
8 UNITS - PHASE I 1 BD/1 BA 650 SF $450 MARKET
36 UNITS - PHASE I 1 BD/1 BA 750 SF $475 MARKET
16 UNITS - PHASE I 2 BD/1.5 BA (TWO-STORY) 1100 SF $600 MARKET
50 UNITS - PHASE II 2 BD/1 BA 850 SF $575 MARKET
110 UNITS $59,050 GROSS POTENTIAL
PROPERTY INFORMATION
PIN 4728-57-4147
Tax Value $4,178,651
Taxes $57,236
Lot Size 9.63 ACRES
Year Built PAHSE I, 1968-1972 - PHASE II, 1999-2000
Exterior BRICK, VINYL
Floors CARPET, VINYL, TILE, LVT
Foundation SLAB
HVAC CENTRAL AIR, HEAT PUMPS
Utilities WATER AND ELECTRIC ARE INDIVIDUALLY METERED
Legal Description GEORGETOWNE APTS
Appliances RANGE, REFRIGERATOR IN ALL UNITS. PHASE II UNITS HAVE DISHWASHER & WASHER/DRYER CONNECTIONS
Zoning SEE COUNTY

Location Map

GEORGETOWN APARTMENTS – 110 UNITS IN TARBORO
Address: 405 Speight Ave, Tarboro, NC 27886, USA Price: $ 6,000,000 Unit: