51 Unit Multifamily Portfolio For Sale

51 Unit Multifamily Portfolio For Sale
Great chance to acquire 3 separate 12, 12 and 27 unit multifamily properties in an opportunity zone in Williamston and Washington NC. These properties are both 100% occupied and stabilized in a small market with long term tenants in place. The two 12 unit properties in Williamston can be purchased separate from the 27 unit property in Washington. Affordable housing is scarce in this area and both properties have a good mix of tenants that have been there and plan to stay long term. Located just 6 minutes from one another, making managing these properties significantly easier.
3690 US-17 Property Details:
Positioned on 2.42 acres of land
directly off Highway 17 in Williamston, this property currently has 12 stabilized units. There are 4 units in two separate buildings, 2 units in a brick duplex style
home and 2 permanent RV's set up and connected to water and septic on a concrete pad. There is excess land with a dedicated driveway on the back of the property, which could fit up to an additional 9 RV pads. A well pump house supplies water to the property and utilities are included in the rent for the tenants with bills averaging less than $1,000/month for the entire property. This property was recently renovated and stabilized. Renovations include:
- Completely New Wiring
- Completely New Plumbing
- New Hot Water Heater
- New Septic Tank
- New Roof
- New 12,000 BTU mini split heat/AC units
- Complete Interior Updates
- 2 (2012 Model) RV Campers Permanently Set Up On Concrete Pads
101 Santree Dr Property Details:
Located on a quiet street directly next to a senior assisted living facility, this 2-story 12 unit apartment building sits on 2.98 acres with ample existing parking in place. There is 2.44 acres of excess land that accompanies this property that could be developed in the future for more multifamily housing. All units are updated when tenants move out and there has been recent aesthetic improvements completed on the property.
1109 Carolina Ave Property Details:
This property is part of a 51 unit Eastern, NC multifamily portfolio, with the accompanying 24 units located at 101 Santree Dr and 3690 US-17 about 25 minutes away in Williamston, NC. This property can be purchased as a portfolio or just the 27 units onsite. Completely renovated motel to multifamily conversion located within an opportunity zone in Washington, NC. This property was just finished in early April 2024 and is 100% occupied and stabilized. The building consists of 27 total units, with 24 first floor efficiency units, 2 first floor ADA compliant units and 1 second floor 2 bedroom unit. The tenant base is primarily comprised of senior citizens. Ownership has invested over $1MM in the renovation which includes the following improvements:
Contact listing agent Martin Tanski with The Overton Group at 919-368-2868 or martin@overtongroup.net, for information on showing the property.