|
Listing /Lease Price:
$169,000
MLS Number:
100427114
Total Available:
8800.00
Total Acres:
0.15
Heated Sqft:
0.00
Apx Total:
4400.00
C & I Features:
Pre Direction:
S
Street #:
402
Street Name:
Water
Post Direction:
Street Suffix:
Street
Subdivision:
N/A
City:
Elizabeth City
County:
Pasquotank
State:
NC
Zip Code:
27909
Year Built:
1915
Sale/Lease:
Sale
Sale/Lease Includes:
Buildings, Land
# of Parking Spaces:
# of Restrooms:
# of Units:
Attic:
Basement:
City Limits:
Yes
Common Area Maint:
Construction:
Brick/Stone
Cooling System:
None
Current Use:
Directions to Property:
At the intersection of Ehringhaus and Water Streets beside the Waterworks building.
Electric Provider:
Flooring:
Foundation:
Fuel Tank:
Fuel Tank Ownership:
Green Bldg Features:
Heating System:
None
Heating System Fuel Source:
None
|
HOA:
No
HOA Amenities:
HOA Annual Amt:
Internet Service Provider(s):
Lot #:
Parcel 1
Lot Description:
Lot Dimensions:
50' w by 180' l
Lot SqFt:
6400.00
Lot Water Features:
Second Row
Management Fee:
Miscellaneous: Ceiling Height:
Natural Gas Provider:
New Construction:
No
Parking/Driveway:
Additional Parking, Attached, Parking Lot
Retail/Display:
Road Type/Frontage:
2 - 3 Lanes, Public (City/Cty/St)
Road/Trans Access: Airport:
Less than 5 Miles
Road/Trans Access: County Highway:
Less than 5 Miles
Road/Trans Access: Interstate:
11 - 15 Miles
Road/Trans Access: Port:
16+ Miles
Road/Trans Access: Rail:
Less than 5 Miles
Road/Trans Access: State Highway:
Less than 5 Miles
Roof:
See Remarks
Sewer Provider:
Tenant Pays:
Unit #:
Utilities:
Community Sewer Available, Community Water Available
Warehouse:
4400.00
Water Heater:
Water Provider:
Zoning:
CB
Office :
Exterior Finish:
Brick
List Price/SqFt:
Sub-Type:
Bed and Breakfast, Mixed Use, Retail
Tax Year:
2022
Public Remarks:
Unique opportunity to own and redevelop the Historic former Elizabeth City Milling Company Building near the waterfront of Downtown Elizabeth City, NC. Built in 1915, this two story building has a footprint of 4400 sq ft per floor and an additional 2000 sq ft of land in the front for parking and/or landscaping. Building is built over the Pasquotank River and currently consists of the four exterior walls, an internal wall, and floor joists. No floors or roof are currently on the building. Sellers have two concept pro forma's showing the first and second floor layouts of 8 apartment units consisting of 6 2 bed 2 bath units and 2 1 bed 1 bath units ranging from 571.45 - 1123.49 sq ft with 7100 sq ft of living space and the remainder being common area. The two pro forma's differ in the access being from the front or side. Estimated construction costs are $120, 000 per unit and the 1br's should bring $1200/mo and the 2br's should bring $1400/mo for $10, 800/mo or $129, 600/yr making the year one return on investment projected at 11.4%.
|
Calculate Payment
Printable Version
