arlington west and pecan grove apt

Arlington West and Pecan Grove

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Current Investment


Date Purchase: 2022


Purchase Price: 12,300,000





PALLAVI SHAH

DRE #1382040 | NMLS #353564

Real Estate & Broker | Investment Strategist | Real Estate Planning | Wealth & Legacy Planning


MORE ABOUT THE PROPERTY

Greenville – North Carolina 27834 | Pitt




OVERVIEW

1986 (Pecan) and 1996 (Arlington West)(built)
168 units
8.14(land area)
1-2(bedroom options)
1-2(bathroom options)
2 story

Arlington West and Pecan Grove Apartments (Arlington West), a 168-unit contiguous apartment portfolio located in Greenville, NC. The property was built in 1986 (Pecan Grove) and 1996(Arlington West) is spread across 8.14 acres of land.

This property is a new multifamily investment opportunity executing value-add renovations in Greenville. North Carolinas continued population growth and Greenville’s strong economy (3.4 % unemployment) prove an excellent macro-economic environment.

Located 85 miles east of Raleigh and 41 miles east of Interstate 95, Greenville is the economic center of eastern North Carolina. It has a diverse economy that includes education, health care, and government institutions, as well as large employers in the biotech / pharmaceutical, tobacco, and aquatic industries. A new 12.4-mile highway project southwest of Greenville connects US 264 (soon to be Interstate 587) at Stantonsburg Road to US 11 south of Ayden, NC, adding to the region’s connectivity.


FEATURE

  • air conditioner
  • balcony
  • carpet
  • ceiling fans
  • dishwasher
  • freezer
  • hardwood floors
  • heating
  • oven
  • patio
  • range
  • refrigerator
  • smoke free
  • tub or shower
  • vaulted ceilings
  • vinyl floorings
  • walk-in closets
  • washer / dryer connections

LOCATION