For Sale

Listed by Byron Aynes from The Overton Group

Source: North Carolina Regional MLS #100322432

112 Stancil Drive, Greenville, NC, 27858

$1,625,000

6
4
7841 sq. ft.

SingleFam

30+ days on the market

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About this property

***LEASED INVESTMENT PROPERTY BEING SOLD WITH 3 ADDITIONAL PROPERTIES: 1308 Willow St, 120 N Meade St, and 112 N Meade StThis excellent 1031 exchange opportunity is located in the ever-popular submarket near East Carolina University known as ''the Grid'' and consists primarily of SFRs with a student rental population. The neighborhood abuts downtown Greenville, a CBD experiencing rapid growth and development. Very rarely does an opportunity to acquire several single-family leased properties in one transaction occur in this stable neighborhood. The properties provide immediate, stable rental income with significant upside. Homes range from 1,200-2,600 SF. Homes are fully leased, many through fall 2022. This offering provides qualified buyers the opportunity to own high-demand rental properties in a sought-after neighborhood. Interior inspections shall be a contingency of an accepted offer. 112 Stancill A & BRenovated in 2016, this house, with a new 30-year arch roof, will provide a great home for years to come. Stainless steel appliances new bar tops and shelving, and hardwood floors make this the perfect rental for the area students. Painted with the ever-popular light gray walls with white trim, the sales presentation of the property is top-notch in this college setting. The landscaping has a beautiful butterfly bush, boxwoods, camellias, harwthrones, muhlygrasses, and loropetalum throughout the yard.

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