Will Blackwell 3363451500
Jason Horton 3369013446
Elijah Knight 3369013442

244 The Blvd, Eden (Portfolio 2 of 3) 244 The Blvd 2 Unit Apartment Building $272,858 ($136,429/Unit) 8.50% Cap Rate Eden, NC 27288

INVESTMENT HIGHLIGHTS

Located in the charming area known as "The Boulevard District"
New Metal Roof--25yr

Renovations completed Sept. of 2023
This property is available for purchase either as part of a portfolio or individually

EXECUTIVE SUMMARY

FULLY LEASED. Adaptive Re-use Multifamily Property with two (2) Residential Units & one (Storefront Retail / Office space (Metered Separately)
Proximity (1 mi.) to Riverside/Municipal Greenway walking trails and paddling access.
Around a 10-minute drive to Nestle Purina Pet Care (Eden, NC); $450 MM investment for a 1.3 million sf facility providing 300 initial jobs
Around a 15-minute drive to SOVA/Berry Hill Megasite (Danville, Va); 3,528 acre site bringing thousands of jobs to the area when complete
Around 24 mi. to Caesar's Virginia Casino in Danville; bringing thousands of jobs
Current property manager to offer free releasing/leasing services and discounted property management services for one year after new owner (Buyer) acquires the property
Current waiting for future tenants
This property is available for purchase either as part of a portfolio or individually

PROPERTY FACTS

Price	$272,858	Building Class	C
Price Per Unit	$136,429	Lot Size	0.07 AC
Sale Type	Investment	Building Size	3,376 SF
Cap Rate	8.50%	No. Stories	2
No. Units	2	Year Built/Renovated	1927/2023
Property Type	Multifamily	Parking Ratio	0.89/1,000 SF
Property Subtype	Apartment	Zoning	BC/ED

Price	$272,858
Price Per Unit	$136,429
Sale Type	Investment
Cap Rate	8.50%
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.07 AC
Building Size	3,376 SF
No. Stories	2
Year Built/Renovated	1927/2023
Parking Ratio	0.89/1,000 SF
Zoning	BC/ED