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4223 Elizabeth Avenue, New Bern, NC 28562

Property Type: Comm Sale or Lease Square Footage: 8,238 Lot Size (sq. ft.): 74,488 Status: Active
Current Price: $1,250,000 List Date: 3/08/2023 Last Modified: 3/08/2023


Rare investment opportunity! Sale of three triplexes including the common land. No HOA! Currently managed by a third party who is able to continue managing the property for a new owner. All nine units are occupied. Tenants rights apply. A minimum 48 HRS notice for all showings & rental manager must be present. All three buildings had a new roof (30-year Owens Corning shingles) 2019. Property includes four separate parcels deeded together. New photos will be available by 12/22/22.

More Information MLS# 100361546

Contract Info

Available Date: 2022-12-13 Status: Active Effective Date: 2022-12-13 Delayed Marketing Date (DM): 2022-12-13 Sub-Type: Multi-Family Garage: N/A Space: No Sale/Lease: Sale Auction: No Listing Price: 1250000 Current Price: $1,250,000 List Price/SqFt: 151.74 Sub Agent Comm $/%: $ Buyer Agent Comm: 2 Buyer Agent Comm $/%: % Variable Comm: No Stipulation of Sale: None

Location Information

Street #: 4223 Street Name: Elizabeth Street Suffix: Avenue County: Craven State/Province: NC Zip Code: 28562 City Limits: Yes Marketing City: New Bern Subdivision: Elizabeth Downs Secondary Subdivision: N/A Geo Lat: 35.128967 Geo Lon: -77.109474

Remarks and Showing

Directions to Property: Neuse Blvd to Elizabeth Ave. Proceed down Elizabeth Ave cross over Racetrack Road. Continue on Elizabeth Ave Rose Run will be on the left. There is no sign. Do not disturb the tenants. Sign on Property: No

Building Info

New Construction: No

Building/Ext Features

# of Parking Spaces: 18 # of Units: 9 Lot Acres: 1.71 Lot SqFt: 74488 Lot Dimensions: irregular SqFt - Heated (Primary): 8238 Location Type: Mainland

Legal and Taxes

Tax Assessed Value: 562650 Deed Book: 2504 Deed Page: 23 Legal: Lot 1, 2, 3 Rose Run D @Elizabeth Downs & Common Area Rose Run D @ Elizabeth Downs Broker Owner: Yes PID: 8-240-L -00A Tax Identifier: 8-240-L-00a Plat Book: Cabinet H Plat Page: Slide 15-C Total Real Estate Property Taxes: 6221 Special Assessments: none Tax Year: 2021 Year Built: 2004 Zoning: residential HOA: No Cobra Zone: No


Occupancy: 9

Service Providers

Electric Provider: City of New Bern Sewer Provider: City of New Bern Water Provider: City of New Bern

Property Features

Showing Instructions: Special Instructions HOA Amenities: No Amenities Basement: None Construction: Wood Frame Exterior Finish: Vinyl Siding Flooring: Carpet; Vinyl Foundation: Slab Fuel Tank: None Sale/Lease Includes: Buildings; Land; See Remarks Parking Features: Off Street; On Site; Paved Road Type/Frontage: Maintained; Paved; Public (City/Cty/St) Roof: Shingle; See Remarks Lot Description: Cul-de-Sac Lot; Open Current Use: Residential Location: Residential Lot Water Features: None Cooling: Central; Heat Pump Heating: Forced Air; Heat Pump Heating System Fuel Source: Electric Water Heater: Electric Utilities: City Water; Municipal Sewer Terms: 1031 Exchange; Cash; Joint Venture
Listing Office: NorthGroup
Last Updated: March - 08 - 2023
4223 Elizabeth Avenue, New Bern, NC 28562- MLS# 100361546
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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