Edge of Campus – 27 Units

CONTACTS

Steve Maygar 919-244-5169

Waterstone Multi-Family Group is pleased to present The Edge of Campus  – a 27 unit student housing property located 2 blocks from East Carolina University in Greenville, NC. With nearly 30,000 students, ECU is the 4th largest university in the State and is part of the 17 school University of North Carolina School System. This subject property is less than a quarter mile from the center of campus and half mile from Dowdy-Ficklen Stadium and Minges Coliseum, home to the ECU Pirates football and basketball teams. This central location makes it a highly desirable location for all students.

Edge of Campus has undergone a major rehabilitation by the current owner. All suites have been remodeled and updated given a new owner a turn-key stabilized property. The property has also gone through a transition from a mixed-use tenancy of both students and non-students, due to all of the units being one-bedroom, to being primarily if not fully student-occupied property, which includes utilities. Given the recent renovations being completed and 95% current occupancy with a continued marketing push, a new owner can continue to push rents here as the school anticipates a potential reopening to on-site classes in the Spring although the Freshman on-campus living requirement has been lifted.

AMENITIES

  • Utilities included
  • All new appliances
    • Refrigerator
    • Dishwasher
    • Washer/Dryer
    • Air Conditioner
    • Microwave
  • All new flooring
  • Greater than 1-to-1 parking ratio
  • Off-street parking
  • High Speed Internet
  • Short-term lease options
  • Pet friendly

 

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Other

  • Address: 301 East 12th Street Greenville, North Carolina 
  • Area: Greenville 
  • Number of Units: 27 
  • Year Built: 1984/2020 
  • Acres: 1.07