SOLD

Waterstone Multi-Family Group is pleased to present the Elizabeth City Gardens, a 54-unit complex located in Elizabeth City, NC.

Elizabeth City Gardens is a 71-unit townhouse complex with HOA in place, which covers all landscaping and property maintenance, trash removal, and public lighting service. 53 units, and a 3-bedroom unit currently being used as an on-site office, and a garage building are being sold with this listing. The property is located one mile from Elizabeth City State University, two-and-a-half miles from downtown Elizabeth City, two-and-a-half miles from the airport, one mile from the US Coast Guard station, and four miles from the Sentara Albemarle Medical Center.

Amenities include:

• Washer & Dryer pre-installed
• Dishwasher
• Patio
• Storage space
• New roofs
• All units over 1100-sqft

The property is stabilized at over 96% occupied, and the owners have a waiting list of new tenants pending application approval and/or move-in dates.

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