Kellen Long

Elizabeth City NC Commercial Sale for Sale

Unique investment opportunity to acquire a well-maintained, multi-family apartment complex at a 9% cap rate. NOI at full occupancy is $243,704.40. The complex consists of three properties: 1005 Raleigh Street (892309261179), 1110 Park Street (892309260112), and Park Street (892309261032). This portfolio includes 24 total units, each ranging approximately 800-900 sqft, with a combined building square footage of approximately 21,500 sqft. All units feature 2 bedrooms and 1 or 1.5 bathrooms. Several one-story units offer handicap accessibility, while the remaining units are configured as 2-story apartments. 1110 Park Street consists of four quadplex buildings. 1005 Raleigh Street includes one duplex and one six-unit building. The complex is currently 95.8% occupied, with only one vacant unit, actively marketed at $1,200/month. Current rents range from $1,000-$1,300 per month. At current occupancy, the property generates approximately $303,000 in gross annual income, with projected gross income of $317,400 at full occupancy based on current rental rates. Significant capital improvements have been completed since the current owners acquired the property in 2017, including, replacement of 3 roofs within the past 3-4 years, with 30-year architectural shingles., encapsulation of all quadplexes at 1110 Park Street, along with the addition of dehumidifiers, 14 HVAC units replaced (7 since 2017 and 7 additional units replaced in 2016 prior to acquisition) and ongoing interior upgrades, including new carpet, vinyl flooring, fresh paint, and updated appliances. All multi-family buildings are located within the City's Apartment Zoning District, while the additional residual parcel, Park Street (Tract 3 in DB 1284, DP 477), is zoned, R-8 residential. The 6,902 sqft residual parcel is subject to a restrictive covenant prohibiting the construction of any building or structure for the lifetime of the previous owners and 21 years thereafter.

Elizabeth City NC Commercial Sale for Sale

Unique investment opportunity to acquire a well-maintained, multi-family apartment complex at a 9% cap rate. NOI at full occupancy is $243,704.40. The complex consists of three properties: 1005 Raleigh St. (892309261179), 1110 Park St. (892309260112), and Park St. (892309261032). This portfolio includes 24 units, each ranging approx. 800-900 sqft, with a combined building square footage of approx. 21,500 sqft. All units feature 2 bedrooms and 1 or 1.5 bathrooms. Several one-story units offer handicap accessibility, while the remaining units are configured as 2-story apartments. 1110 Park St. consists of four quadplex buildings. 1005 Raleigh St. includes one duplex and one six-unit building. The complex is currently 95.8% occupied, with only one vacant unit, actively marketed at $1,250/month. Current rents range from $1,000-$1,300 per month. At current occupancy, the property generates approximately $309,600 in gross annual income, with projected gross income of $324,600 at full occupancy based on current rental rates. Significant capital improvements have been completed since the current owners acquired the property in 2017, including, replacement of 3 roofs within the past 3-4 years, with 30-year architectural shingles, encapsulation of all quadplexes at 1110 Park St., along with the addition of dehumidifiers, 14 HVAC units replaced (7 since 2017 and 7 additional units replaced in 2016 prior to acquisition) and ongoing interior upgrades, including new carpet, vinyl flooring, fresh paint, and updated appliances. All multi-family buildings are located within the City's Apartment District (AD) zoning, which may allow for additional units to be constructed with site plan and planning approval by the City. The additional residual parcel, Park St. (Tract 3, DB 1284, DP 477), is zoned R-8 residential and is subject to a restrictive covenant prohibiting the construction of any building or structure the lifetime of the previous owners and 21 years thereafter.

Elizabeth City NC Commercial Sale for Sale

Invest in the heart of Downtown Elizabeth City with this newly renovated historic commercial space, ideal for owner occupancy or rental income. Offered at $228,250, this 1,219 sq ft one-story unit features a charming historic faade and prime storefront location just steps from Water Street and the Pasquotank River. The space includes an open retail/showroom area, one private office, and a restroom. Part of a newly recorded six-unit condominium, with declaration and boundary survey included. Current tenant vacates April 1; unit is being advertised at $1,730/month, offering immediate income potential. Built in 1945 and fully renovated from 2020-2022, including new framing, electrical, plumbing, HVAC, TPO roof, and fire suppression system. Zoned Central Business District and surrounded by local shops and restaurants. A rare opportunity to own a turnkey historic downtown asset

Elizabeth City NC Home for Sale

Fully renovated in 2022, this beautifully restored 795 sf historic condominium offers 1 bed/1 full bath on the second floor, blending timeless character with modern convenience. The unit features a shared first floor entrance on Fearing Street. Inside, you'll find restored hardwood floors throughout the kitchen and living areas, LVP flooring in the bedroom and bathroom, and a well-appointed kitchen with stainless steel appliances, including a dishwasher. Residents also enjoy access to a 240 sf rooftop deck common area. Ideally situated downtown, this property is within easy walking distance to local restaurants, shops, and amenities, making it an excellent opportunity for investors or future owner-occupants. This unit does not include a designated parking space; however, there is potential to lease a space in the adjacent parking lot. Currently tenant-occupied on a month-to-month lease.

Elizabeth City NC Home for Sale

Fully renovated in 2022, this beautifully restored 675 sf historic condominium offers 1 bed/1 full bath on the second floor, blending timeless character with modern convenience. The unit features a shared first floor entrance on Fearing Street. Inside, you'll find restored hardwood floors throughout the kitchen and living areas, LVP flooring in the bedroom and bathroom, and a well-appointed kitchen with stainless steel appliances, including a dishwasher. Residents also enjoy access to a 240 sf rooftop deck common area. Ideally situated downtown, this property is within easy walking distance to local restaurants, shops, and amenities, making it an excellent opportunity for investors or future owner-occupants. This unit does not include a designated parking space; however, there is potential to lease a space in the adjacent parking lot. Currently tenant-occupied with a lease in place through October 23, 2026.

Elizabeth City NC Home for Sale

Fully renovated in 2022, this beautifully restored 692 sf historic condominium offers 1 bed/1 full bath on the second floor, blending timeless character with modern convenience. The unit features a shared first floor entrance on Fearing Street. Inside, you'll find LVP flooring throughout the unit, and a well-appointed kitchen with stainless steel appliances, including a dishwasher. Ideally situated downtown, this property is within easy walking distance to local restaurants, shops, and amenities, making it an excellent opportunity for investors or future owner-occupants. This unit does not include a designated parking space; however, there is potential to lease a space in the adjacent parking lot. Currently tenant-occupied with a lease in place through January 20, 2027.

Elizabeth City NC Commercial Sale for Sale

Commercial and residential units available in the heart of Downtown Elizabeth City, ideal for a business owner or investor. This historic property was fully renovated in 2022, including new framing, electrical, plumbing, HVAC, TPO roof, and fire suppression system.This listing includes (3) fully occupied second-floor 1 bed/1 bath apartments, each generating $1,300/month, and a 1,213 sf ground-floor commercial space featuring an open retail area, small office, and restroom. The apartments are 612 sf, 692 sf, and 742 sf, each equipped with stainless steel appliances. The apartments have their own first floor entrance on Fearing Street. The commercial unit is currently occupied; however, the tenant vacates April 1st. The commercial unit is being advertised at $1,730/month. The property is part of a recently recorded condominium, allowing units to be sold individually.

Hertford NC Land for Sale

CP Estates on Camp Perry Road is the newest exempt 10+ acre subdivision in Perquimans County with a wonderful mix of cleared land for homesites in the X flood zone and plenty of woods for privacy and connecting to nature, including the resident turkeys deer and occasional black bear that roam the property. Lot 8 is 10.4 acres and accessed by the newly built private crushed brick road Camp Perry Ridge (actual address to be assigned by County soon). Road maintenance agreement and 60' access and drainage easement cross the front of lot 8. 137.36' of the lot fronts the private road, most of the property is in flood zone X with some spots of AE once you hit the wood line and another small portion in the very back of the property. Cleared portion is 1.75+/- acres and septic permit is in hand for 4 bedroom house. No single or double wide trailers permitted, construction must be either modular or stick built and comply with all NC building codes. NO HOA or POA. Owner financing is available with a 10% down payment, 10% annual interest, and a 10 year term. Seller is awaiting estimates from Albemarle Electric on what buyers will pay to extend electric service to their lot. Water will be from a well unless buyer pays to extend county water from Camp Perry Road.

Hertford NC Land for Sale

Beautiful recently subdivided 1.18 acre lot, Lot number 4 of CP Acres, on Camp Perry Road with 125' of road frontage and septic permit on file for a 4 bedroom house. See survey in documents to see the shape of the lot. County water is available on Camp Perry Road and Albemarle Electric's lines are right in front of the property. No HOA or POA, no single wide or double wide mobile homes are allowed, must be modular or stick built and comply with all NC building codes. Owner financing available with a 10% down payment, 10% annual interest, and a 10 year term. If buyer purchases his or her own NCDOT approved 15'' ($406) or 18'' ($592) diameter 30' long driveway culvert pipe (contact broker for vendor) and applies for a driveway permit, they will come do the rest for free.

Elizabeth City NC for Rent

Excellent commercial leasing opportunity near all the major corridors! This 1,573 sqft building is offered at $1,500/month (NNN). The property is in the General Business zoning district, allowing for a wide range of uses including retail, office, and professional services. The property features two restrooms, a handicap-accessible ramp, and a functional layout suitable for a wide range of commercial uses. It is conveniently located just minutes from the City's primary business and commercial corridor, Halstead Boulevard Extension, and just off one of Elizabeth City's major thoroughfares, Hughes Boulevard, offering easy access and convenience. Ideal for businesses seeking a strategic location with flexible use potential.

Hertford NC Land for Sale

CP Estates on Camp Perry Road is the newest exempt 10+ acre subdivision in Perquimans County with a wonderful mix of cleared land for homesites in the X flood zone and plenty of woods for privacy and connecting to nature, including the resident turkeys deer and occasional black bear that roam the property. Lot 9 is 10.9 acres and accessed by the newly built private crushed brick road Camp Perry Ridge (actual address to be assigned by County soon). Road maintenance agreement and 60' access and drainage easement cross the front of lot 9. 183.87' of the lot fronts the private road, most of the property is in flood zone X with some spots of AE once you hit the wood line and another area in the very back of the property. Cleared portion is 1.1+/- acres and septic permit is in hand for 4 bedroom house. No single or double wide trailers permitted, construction must be either modular or stick built and comply with all NC building codes. NO HOA or POA. Owner financing is available with a 10% down payment, 10% annual interest, and a 10 year term. Seller is awaiting estimates from Albemarle Electric on what buyers will pay to extend electric service to their lot. Water will be from a well unless buyer pays to extend county water from Camp Perry Road.