Overview
Jones Lang Lasalle, a North & South Carolinas Licensed real estate broker (“JLL”), has been retained as the exclusive sales representative for the asset Caldwell Court Apartments consisting of 32 apartment units located in Greenville, North Carolina.
The 1994 vintage asset has undergone extensive renovations, presenting an opportunity for investors to capitalize on the cash yield and boost curb appeal through minor capital investment. Comparable properties’ effective rents are 23%+ higher, presenting a mark-to-market opportunity to investors.
The Asset is minutes from the Convention District and a primary retail corridor within Greenville. With direct connectivity to Greenville Boulevard from the community, Caldwell Court is only a few minutes driving distance from the newest and most diverse restaurants, services, and local amenities.
Investment Highlights
H I G H LY CONNECTED AREA
Caldwell Court Apartments is located within a booming retail corridor with a variety of commercial services, hotels, parks and attractions. The Property is five minutes or less driving distance from major retailers such as Academy Sports, Dick’s Sporting Goods, Kohl’s, The Fresh Market, and Lowe’s Home Improvement, as well as a variety of restaurants including Cracker Barrel, Texas Roadhouse, Red Robin, and Outback Steakhouse. The Property is close in proximity to multiple grocery stores, including Target, Harris Teeter, Publix, and Walmart. The Property is roughly 15 minutes from East Carolina University and less than 20 minutes from the Pitt-Greenville Airport.
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