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For Sale

$560,000

1159 U.S B Street
Elizabeth City, NC 27909

Opportunity at it's finest. This owner managed property features a commercial building and 12 mobile home lots with the ability to add more. Currently 11 spots are rented out with the owner owning 6 of the units. Sitting on 4.2 acres of land you can keep a peace of mind knowing all units are hooked up to city water, sewer, electricity, each unit is metered separately and the tenants maintain their own grounds. Current cap rate is around 10% and current annual expenses are around $6500 Read More

Market Status
Available
Last Updated
June 16, 2021

Property Type
Commercial Property
Year Built
1995
Taxes
1256.94
Property Type
Commercial; Mobile Home

Local Market Conditions

There are currently 195 properties for sale in the Elizabeth City, NC area with the average listing price of $250,068. This represents an increase of +1.8% over the previous week. The 2 bedroom homes saw the largest increase in the average listing price over the previous week with a +3.2% increase. To learn more about the Elizabeth City, NC area, contact a local expert!

Market Snapshot for Elizabeth City, NC

Avg. Listing Price

$250,068

Wk ending Jun 19

$+4,481

+1.8%

w-o-w

195

748

360

100

16

8

Average Listing Price for Elizabeth City, NC
No. BedroomsNo. Beds Week Ending
(Jun 19)
w-o-w Week Ending
(Jun 12)
Week Ending
(Jun 5)
Week Ending
(May 29)
All PropertiesAll $250,068 +1.8% $245,587 $242,908 $244,072
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $147,510 +3.2% $142,955 $139,350 $138,713
3 bedrooms3 BR $231,146 +0.1% $230,896 $235,781 $237,040
4 bedrooms4 BR $303,005 +2.8% $294,802 $294,344 $292,470

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Listing Provided By:

Christopher Johnson

Atlantic Sotheby's International Realty

Phone
This $560,000 Commercial Property at 1159 U.S B Street in Elizabeth City, NC is offered by Christopher Johnson. This $560,000 Commercial Property, located in the 27909 zip code, has the following property features: Taxes, Property Type. This 1159 U.S B Street Commercial Property is listed under MLS listing number 102718 and has a listing price of $560,000. You can find more of Christopher Johnson's listings by browsing Christopher Johnson homes for sale at HomesAndLand.com, or even more Elizabeth City homes for sale here.

Data Provided by Albemarle Area Association of Realtors

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