N/A Homes with Parking Lot Parking Features

N/A Homes with Parking Lot Parking Features

Welcome to your future home in the heart of North Carolina, where comfort meets convenience! Nestled in a vibrant community, this area is a hidden gem for those seeking a blend of tranquility and modern living. With its picturesque landscapes and friendly neighborhoods, you’ll find the perfect backdrop for your next chapter.

One of the standout features of this community is the homes equipped with parking lot parking. Imagine the ease of coming home after a long day, with a designated space waiting just for you. No more circling the block or worrying about finding a spot; your vehicle will be securely parked just steps away from your front door. This practical feature not only enhances your living experience but also adds a layer of convenience for your guests.

The homes in this area are designed with your lifestyle in mind. Spacious interiors, modern amenities, and charming outdoor spaces create an inviting atmosphere that makes it easy to entertain friends or simply unwind after a busy day. Whether you’re a first-time homebuyer or looking to downsize, you’ll find a variety of options that cater to your needs.

Explore the nearby parks, local shops, and dining options that add to the vibrant community spirit. With a strong sense of belonging and a welcoming atmosphere, this North Carolina neighborhood is more than just a place to live; it’s a place to thrive. Come discover your perfect home today, where parking is just the beginning of a life well-lived!

Newest N/A Homes with Parking Lot Parking Features

$2,695,827
Unique investment opportunity to acquire a well-maintained, multi-family apartment complex at a 9% cap rate. NOI at full occupancy is $243,704.40. The complex consists of three properties: 1005 Raleigh St. (892309261179), 1110 Park St. (892309260112), and 0000 Park St. (892309261032). This portfolio includes 24 units, each ranging approx. 800-900 sqft, with a combined building square footage of approx. 21,500 sqft. All units feature 2 bedrooms and 1 or 1.5 bathrooms. Several one-story units offer handicap accessibility, while the remaining units are configured as 2-story apartments. 1110 Park St. consists of four quadplex buildings. 1005 Raleigh St. includes one duplex and one six-unit building. The complex is currently 95.8% occupied, with only one vacant unit, actively marketed at $1,250/month. Current rents range from $1,000-$1,300 per month. At current occupancy, the property generates approximately $309,600 in gross annual income, with projected gross income of $324,600 at full occupancy based on current rental rates. Significant capital improvements have been completed since the current owners acquired the property in 2017, including, replacement of 3 roofs within the past 3-4 years, with 30-year architectural shingles, encapsulation of all quadplexes at 1110 Park St., along with the addition of dehumidifiers, 14 HVAC units replaced (7 since 2017 and 7 additional units replaced in 2016 prior to acquisition) and ongoing interior upgrades, including new carpet, vinyl flooring, fresh paint, and updated appliances. All multi-family buildings are located within the City's Apartment District (AD) zoning, which may allow for additional units to be constructed with site plan and planning approval by the City. The additional residual parcel, 0000 Park St. (Tract 3, DB 1284, DP 477), is zoned R-8 residential and is subject to a restrictive covenant prohibiting the construction of any building or structure the lifetime of the previous owners and 21 years thereafter.

1005 Raleigh St, Elizabeth City

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