209 The Blvd, Eden, NC 27288-4705
This fully renovated, 7-unit apartment building in Eden, NC presents a turnkey investment opportunity. Boasting 6,000 square feet on a 5,800-6,200 square foot lot, the property features six spacious two-bedroom apartments and one office/studio unit. A complete 2024 renovation included a new TPO roof, individual electrical panels, meters, and HVAC systems for each unit. Modern amenities in each two-bedroom unit include brand-new electric stoves, dishwashers, refrigerators, vent hoods, and in-unit washers and dryers, complemented by high-end cabinetry and granite countertops. Currently 100% occupied, tenants are responsible for their own electricity, minimizing maintenance responsibilities for the owner. The building is classified as Class A, with a strong NOI of $61,345 and an 8.46% cap rate. Located in Eden, NC, this property benefits from a growing local economy and convenient access to Greensboro, Winston-Salem, and Danville, VA. The permitted zoning is BC/ED. This two-story, 1927-built building offers a blend of classic charm and modern efficiency, making it an attractive investment in a thriving North Carolina community. Asking price is $725,000, with a price per square foot of $120.83.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CENTRAL BUS EDEN · Eden, NCEden. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.