Robbins and Scientific Duplexes Jamestown NC

Name of Property: Robbins & Scientific Duplexes
Location: Jamestown, NC
Description:
Rare Jamestown, NC multifamily property available. The Robbins & Scientific Duplexes consists of 4 buildings with a total of 8 units fronting Scientific Street and Robbins Avenue in Jamestown, NC. Each unit has 2 bedrooms and one bath.
The properties are between Main Street and the new Jamestown Bypass (under construction) which will provide easy and quick access to I-85, I-74, 311 and Gate City Blvd. The City Lake Park in Jamestown is less than a quarter mile from the properties making for easing walking distance or a short drive. Guilford Technical Community College (GTCC) and the GTCC Middle College High School are less than 2 miles away to the east. High Point University is 3 miles to the west. The duplexes are also within a short distance to grocery shopping, a pharmacy, restaurants, and other shopping stores.
The current owner purchased the properties in 1995 and has changed the name of the ownership twice during that time.
Additional detailed information can be obtained by logging on to our online secure data vault below
http://www.bipinc.com/client-signup/robbins-scientific-apartments/
To access the vault, enter the address into your computer. Sign the Confidentiality Agreement and set up an account using your email address and a password of your choice. This process will only take a couple of minutes. The financial information in the vault is updated monthly.
Property Details:
Address: 202, 204, 206 & 208 N. Scientific St. & 101,103, 105 & 107 Robbins Ave. Jamestown, NC
Year Completed: 1964
Property Size: 1.38 acres total
Parking: Approximately 2 per unit
Location: Jamestown, NC on the corner of Scientific St. & Robbins Ave.
Construction:
• 4 Buildings total --- (4) 2-unit buildings.
• All buildings are 1-story, with 2 bedrooms and 1 bath.
• All buildings are constructed of CMU (concrete masonry unit) Block on slabs with asphalt shingle roofs. Each unit has a large covered front porch and a back patio with an attached storage shed.
• Separate water & electric meters for each unit.

• Sewer is on site.

• Each unit features gas heat and water heaters. Some units have window air conditioning units.
Kitchens: Each kitchen includes a frost-free refrigerator, stove/range combination, laminate countertop, and ceramic flooring
Bathrooms: All units have one bathroom with a shower (no tub) and ceramic tile flooring.

Investment Summary
Price Offering: $380,000 ($47,500/unit)
Proforma Gross Potential Rent (at $500/unit): $48,000
Proforma Expenses: $18,852
Proforma Net Operating Income: $26,081
GRM (Gross Rent Multiplier): 8.45%
Occupancy (May 2020): 100%
Unit Features:
1-story duplex style
2 BR/1 Bath Units
Electric & Gas
Separately metered for water and electric
Gas heat & hot water
Electric range/oven
Community & Location Highlights
Blocks from City Lake Park & downtown Jamestown
Close to GTCC main campus
Convenient to I-285 (Business 85) and I-85

 

Property Details
Property Type Multifamily: Duplex/Quad
Zoning RM-8
Address 202, 204, 206 & 208 N Scientific Street
101, 103, 105, & 107 Robbins Avenue
Jamestown, NC 27282
County Guilford
For Sale/Lease Sale
Year Built 1964
City Water Yes
City Sewer Yes
Total Sales Price $380,000.00
Total SF Available 4,928
Total Acres Available 1.38
Total # Units 8
Location SW
Unit Information Unit 1
Suite/Unit
Property Documents Robbins & Scientific Duplexes Brochure tk2.pdf

Property Broker

Tim Knowles

Contact: tknowles@bipinc.com

Phone: 336.541.5508

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