Skip to main content

Multifamily

Eden Place Apartments

600 Church St, Gibsonville, NC 27249

Listing Price: Request For Offer

Number of Units
18
Occupancy
94.4%

Investment Overview

Marcus & Millichap is pleased to present Eden Place Apartments in Gibsonville, North Carolina. Located only 15 minutes from downtown Burlington, the property is ideally located between the rapidly growing markets of the Piedmont Triad and Research Triangle, North Carolina. Current ownership has updated unit interiors on fourteen of the eighteen units, showing proven demand and rent growth for renovated units. There is also the potential to perform additional “last mile” upgrades to all the units, furthering rental premiums. These upgrades, coupled with the ability to construct additional units on surplus land, provide multiple avenues of upside potential for this boutique investment opportunity.

Rapid job growth from the surrounding markets will continue to drive rent growth potential as residents seek economic alternatives to the rapidly escalating prices of surrounding markets. Coupled with an asset that has been extremely well-maintained and showcases a proven value-add strategy for upgraded units, Eden Place Apartments is extremely well-positioned to provide attractive returns for the life cycle of this investment opportunity.

Investment Highlights

  • Well-Maintained Asset with Proven Value-Add Potential:Current ownership has upgrades approximately seventy-eight percent of the units with proven rent premiums for renovated units.
  • Desirable Unit Mix: The property consists primarily of two-bedroom, townhouse-style floor plans with individual entry
  • Unique "Last Mile" Value Add: New ownership has a unique opportunity to perform light interior and exterior upgrades along with the installation of community amenities to further push rent premiums.
  • Suburban Location with Accessibility to Region's Top Economic Generators, Retail, Restaurants, and Entertainment: The property is easily accessible to Alamance Crossing Shopping Center, I-40/85, Downtown Burlington, and surrounding cities.

Exclusively Listed By

  • Jim Davis

    First Vice President Investments

    (336) 554-9021

    Email Jim

    License(s): NC: 187177, SC: 81764

    Greensboro

  • Nate McDaniel

    Senior Vice President Investments

    (704) 831-4638

    Email Nate

    License(s): SC: 96405, NC: LC539

    Charlotte Uptown

Multifamily

Eden Place Apartments

Listing Price: Request For Offer

Number of Units
18
Occupancy
94.4%

Investment Highlights

  • Well-Maintained Asset with Proven Value-Add Potential:Current ownership has upgrades approximately seventy-eight percent of the units with proven rent premiums for renovated units.
  • Desirable Unit Mix: The property consists primarily of two-bedroom, townhouse-style floor plans with individual entry
  • Unique "Last Mile" Value Add: New ownership has a unique opportunity to perform light interior and exterior upgrades along with the installation of community amenities to further push rent premiums.
  • Suburban Location with Accessibility to Region's Top Economic Generators, Retail, Restaurants, and Entertainment: The property is easily accessible to Alamance Crossing Shopping Center, I-40/85, Downtown Burlington, and surrounding cities.

Investment Overview

Marcus & Millichap is pleased to present Eden Place Apartments in Gibsonville, North Carolina. Located only 15 minutes from downtown Burlington, the property is ideally located between the rapidly growing markets of the Piedmont Triad and Research Triangle, North Carolina. Current ownership has updated unit interiors on fourteen of the eighteen units, showing proven demand and rent growth for renovated units. There is also the potential to perform additional “last mile” upgrades to all the units, furthering rental premiums. These upgrades, coupled with the ability to construct additional units on surplus land, provide multiple avenues of upside potential for this boutique investment opportunity. Rapid job growth from the surrounding markets will continue to drive rent growth potential as residents seek economic alternatives to the rapidly escalating prices of surrounding markets. Coupled with an asset that has been extremely well-maintained and showcases a proven value-add strategy for upgraded units, Eden Place Apartments is extremely well-positioned to provide attractive returns for the life cycle of this investment opportunity.

Exclusively Listed By

  • Jim Davis

    First Vice President Investments

    (336) 554-9021

    Email Jim

    License(s): NC: 187177, SC: 81764

    Greensboro

  • Nate McDaniel

    Senior Vice President Investments

    (704) 831-4638

    Email Nate

    License(s): SC: 96405, NC: LC539

    Charlotte Uptown

MM Texture Background
MM Textured Background Lower