GEORGETOWN APARTMENTS – 110 UNITS IN TARBORO
405 Speight Ave, Tarboro, NC 27886, USA
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. Approximately six miles west, Triangle Tire and Corning are building new facilities that will add nearly 1000 jobs by 2020.
|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|
||PAHSE I, 1968-1972 - PHASE II, 1999-2000
||CARPET, VINYL, TILE, LVT
||CENTRAL AIR, HEAT PUMPS
||ASSUMABLE DEBT AVAILABLE
||WATER AND ELECTRIC ARE INDIVIDUALLY METERED
||RANGE, REFRIGERATOR IN ALL UNITS. PHASE II UNITS HAVE DISHWASHER & WASHER/DRYER CONNECTIONS