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.
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 |
Agent Information Michael Deaton
Location Map
GEORGETOWN APARTMENTS – 110 UNITS IN TARBORO
Address:
405 Speight Ave, Tarboro, NC 27886, USA
Price: $
6,000,000
Unit: