Entity Owned Property summary
3209 Summer Place is a multifamily apartment community located in Summerfield Gardens in Greenville, North Carolina, positioned across from Parkers #1 off Memorial Drive with nearby dining and retail and approximately 5 minutes from the hospital. The property is configured as 15,642 square feet on a 1.52-acre lot and is zoned R6. It contains 24 units total, including 10 one-bedroom, one-bath apartments and 14 two-bedroom, one-bath apartments. The building is maintained at a 93% occupancy rate per the listing, and the property is described as requiring no large capital improvements at that time.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
R6 (Residential) To accommodate a compatible mixture of single-family, two- family and multi-family dwellings at higher densities. R6A (Residential) To accommodate a compatible mixture of single-family, two- family and m…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R6 · Greenville, NCR6 (Residential) To accommodate a compatible mixture of single-family, two- family and multi-family dwellings at higher densities. R6A (Residential) To accommodate a compatible mixture of single-family, two- family and m…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
R6 (Residential) To accommodate a compatible mixture of single-family, two- family and multi-family dwellings at higher densities. R6A (Residential) To accommodate a compatible mixture of single-family, two- family and m…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R6 in Greenville, NC.
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