2915 MacGregor Downs Rd
- Twelve, 100% leased townhomes offered together as a package
- Great income-producing properties
- Solid track record of high occupancy
- Ideal location just minutes from ECU Health, ECU & Downtown Greenville
- Built in 2016
- No current tenants are students, all working professionals
- All 2 Bed / 2.5 Bath floor plans
- Sale Price: $1,930,000 (6.5% cap rate)
Property Description
Ideally located just minutes from the ECU Health Medical Center, Downtown Greenville, and East Carolina University, the Property offers convenient access to the area’s largest employment, healthcare, and educational hubs. The asset is situated less than one mile from the interchange of U.S. Highway 264 and Interstate 587, providing excellent regional connectivity throughout Eastern North Carolina. The Property consists of twelve, 100% leased, well-maintained townhome units situated on approximately 1.0 acre. Built in 2016, each residence features a functional two-bedroom, two-and-one-half-bath floor plan designed to appeal to working professionals and long-term residents. Since completion, the Property has maintained consistently strong occupancy. The current tenant base is comprised entirely of working professionals rather than student renters, contributing to stable cash flow and reduced turnover. The combination of modern construction, durable design, a desirable location, and a proven operating history presents investors with an attractive, low-maintenance multifamily investment opportunity in one of Greenville’s strongest rental corridors.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,930,000 |
| No. of Units: | 12 |
| Year Built: | 2016 |
| Lot Size: | 1.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $160,833 |
| Property Website | Click Here |
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