305 Church St Elizabeth City, NC 27909-4849
Property profile & analytics
305 Church St, Elizabeth City, NC 27909-4849
- Garden apartment buildings
- 0.46 lot acres
Property ID
US53-4397698
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Garden apartment buildings
Property Details for 305 Church St
- Year built
- 1900
- Construction
- WOOD
- Lot size
- 0.46 lot acres
- Zone code
- CB
- Property type
- Garden apartment buildings
- APN
- 891308884895
- APU
- 891308884895
Description
This 20-unit apartment building in Elizabeth City, NC, presents a compelling redevelopment opportunity. Located in a Qualified Opportunity Zone, this three-story, 1900-built property offers significant potential for value-add. The current configuration includes sixteen one-bedroom/one-bath units and four two-bedroom/one-and-a-half-bath units, averaging $2.41 per square foot in rent. Sitting on a 0.46-acre lot at 305 E Church St, the property boasts a strong NOI of $199,540 and an 8.77% cap rate, with an asking price of $595,000 ($29,750 per unit). Elizabeth City's revitalized downtown area, proximity to major employers (Coast Guard, Sentara Albemarle Medical Center, Elizabeth City State University), and its location less than 45 minutes from the Hampton Roads VA MSA and an hour from the Outer Banks, contribute to a promising investment outlook. The property's location within walking distance of restaurants, retailers, and entertainment venues further enhances its appeal. This project offers investors the chance to capitalize on the growing Elizabeth City market and benefit from Opportunity Zone tax advantages while providing residents with updated, modern living spaces in a historic setting. The property's strong current NOI and the potential for significant rent increases after redevelopment make this a highly attractive investment.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Elizabeth City
- County
- Pasquotank
- State
- North Carolina
- Longitude
- -76.2221
- Latitude
- 36.2983
- CBSA code
- 21020
- CBSA name
- ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$0.00
$0.00
$135,100
-
$134,200
$900
$135,100
