Elizabeth City Homes with Parking Lot Parking Features

Elizabeth City Homes with Parking Lot Parking Features

Welcome to Elizabeth City, North Carolina—a charming gem nestled along the banks of the Pasquotank River. Known for its rich history and vibrant community, Elizabeth City offers a delightful blend of small-town warmth and modern conveniences. With a picturesque waterfront, this city is a haven for outdoor enthusiasts and those who appreciate the beauty of nature. Enjoy leisurely strolls along the riverwalk, vibrant local festivals, and a thriving arts scene that showcases the talents of local artists.

One of the many advantages of calling Elizabeth City home is the variety of housing options available, particularly those with convenient parking lot features. Many homes in this lovely area come equipped with dedicated parking lots, ensuring that you and your guests can enjoy hassle-free access to your residence. Whether you’re a busy professional, a growing family, or someone who simply values the ease of parking, these homes provide the perfect solution to your needs.

Imagine coming home to a spacious property where you never have to worry about street parking or searching for a spot after a long day. The added convenience of parking lot features allows you to focus on what truly matters—creating memories with loved ones and enjoying the vibrant lifestyle that Elizabeth City has to offer.

With its friendly atmosphere, rich history, and convenient amenities, Elizabeth City is not just a place to live; it’s a place to thrive. Explore the available homes with parking lot features today, and discover why so many are proud to call this enchanting city their home.

Newest Elizabeth City Homes with Parking Lot Parking Features

$2,695,827
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 0000 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, 0000 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.

1005 Raleigh St, Elizabeth City

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