AS-IS, WHERE-IS, WITH ALL FAULTS! Bring any and all offers on these vacant apartments located in an opportunity zone in Princeville, NC. Upside potential for a value-add investment. Water, utilities and sewer are all on-site. Currently has five apartment buildings, all containing six (1) bedroom units. On-site leasing office/laundry.
Apartments flooded during Hurricane Floyd (1999) and then again during Hurricane Matthew (2016) which resulted in a total loss both times. During Matthew, water levels rose up to 10-12 feet. All of tenants possession were removed a month post-flood, as well as all of the debris. Properties have not been touched since, due to city raising a "red flag" notice, labeling the apartments uninhabitable.
Owner is selling AS-IS, WHERE-IS, WITH ALL FAULTS. All potential buyers be aware of the current condition of the property and its position in a flood zone. Property has typical affordable housing restrictions that should be going away soon. Contact agent for more information or if you have any questions!
