Robbins and Scientific Duplexes Jamestown NC
Name of Property: Robbins & Scientific Duplexes
Location: Jamestown, NC
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.
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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.
• 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.
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%
1-story duplex style
2 BR/1 Bath Units
Electric & Gas
Separately metered for water and electric
Gas heat & hot water
Community & Location Highlights
Blocks from City Lake Park & downtown Jamestown
Close to GTCC main campus
Convenient to I-285 (Business 85) and I-85
202, 204, 206 & 208 N Scientific Street
101, 103, 105, & 107 Robbins Avenue
Jamestown, NC 27282
|Total Sales Price||$380,000.00|
|Total SF Available||4,928|
|Total Acres Available||1.38|
|Total # Units||8|
|Unit Information||Unit 1|
Robbins & Scientific Duplexes Brochure tk2.pdf