Technical
Financial
Distress signals
Property profile

413 Massachusetts Ave Elizabeth City, NC 27909

OFF-MARKET
Garden apartment buildings
Property ID
US53-4441082
3,680 SF 0.16 ac lot Built 1948
Entity Owned 9-yr Hold
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Property summary

AI-generated overview

The property is a four-unit multifamily building located in Elizabeth City, North Carolina, situated on a 0.17-acre lot. The total building area is 3,680 square feet. Each unit is configured with two bedrooms and one bathroom, along with a living room, dining area, and kitchen. Interior finishes include laminate plank flooring and carpet, with Formica countertops. The roof is approximately two years old, and electrical and plumbing systems have undergone repairs as needed. HVAC units are reported to be between one and four years old. The property is zoned R-8. Appliances are not included.

Property profile

Verified
Property type Garden apartment buildings
Use group GARDEN APT, COURT APT (5+ UNITS)
Year built 1948
Construction WOOD
Total area 3,680 SF
Lot 0.16 ac (7,187 SF)
Zoning code R-8
APN 891312952224
UPID US53-4441082

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

413 Massachusetts Ave Elizabeth City, NC 27909-5987
Elizabeth City metro Census 960200 ELIZABETH CITY, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$140k

Owner & transaction history

since 2017
1 recorded transaction
2017
$125,000

Zoning & alternative use

R-8 · Elizabeth City, NC
Zoning description

The R-8 Residential District is primarily intended to accommodate a variety of moderate density single family detached dwellings, modular homes, and two family dwellings, maximum densities within the R-8 District include…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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