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2915 Macgregor Downs Rd - MacGregor West Townhomes 12 Unit Apartment Building Offered at $2,657,803 CAD at a 6.50% Cap Rate Greenville, NC 27834
Investment Highlights
- Twelve, 100% leased townhomes offered together as a package
- Solid track record of high occupancy
- No current tenants are students, all working professionals
- Great income-producing properties
- Ideal location just minutes from ECU Health, ECU & Downtown Greenville
- All 2 Bed / 2.5 Bath floor plans
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,657,803 CAD | Property Type | Multifamily |
| Price Per Unit | $221,484 CAD | Building Size | 14,000 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.50% | No. Stories | 2 |
| No. Units | 12 | Year Built | 2016 |
| Zoning | MR | ||
| Price | $2,657,803 CAD |
| Price Per Unit | $221,484 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 12 |
| Property Type | Multifamily |
| Building Size | 14,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2016 |
| Zoning | MR |
Moderately walkable
60/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 004266 | Improvements Assessment | $1,749,022 CAD |
| Land Assessment | $111,545 CAD | Total Assessment | $1,860,567 CAD |
Property Taxes
Parcel Number
004266
Land Assessment
$111,545 CAD
Improvements Assessment
$1,749,022 CAD
Total Assessment
$1,860,567 CAD
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2915 Macgregor Downs Rd - MacGregor West Townhomes
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