Unique opportunity on the edge of the campus at NC State. Sylvan Park (150 units) and Mirlen Court (28 units) are adjacent properties being offered for sale together as a package. These properties are well maintained and are currently 100% occupied. These complexes offer a variety of units from 550 square foot one bedrooms at Mirlen Court to 1,500 square foot 3 bedroom units at Sylvan Park. This variety has led to historically strong occupancy.

Since these properties are immediately adjacent to each other, they are comfortably managed out of the Sylvan office and club house. Amenities located on the Sylvan property include club house, pool and laundry facility.

Location Description:

A true "fringe of campus opportunity", Sylvan Park and Mirlen Court Apartments are exceptionally well located at the western edge of the campus of NC State University. These adjacent properties are less than 1/8 of mile from the Jane S. McKimmon Center, less than 1 mile from NC State's main campus and less than 2 miles from NC State's Centennial campus. These two complexes are in the path of development as NC State continues to grow.

In addition to the proximity to NC State, Sylvan and Mirlen also provide exceptional accessibility to the entire Triangle area as they less than 1 mile from the I-440 Beltline at Western Boulevard and less than 3 miles from I-40 at Gorman Street.

Highlights:

>> Fringe of campus opportunity adjacent to NC State

>> Fully Occupied, historically strong property

>> Recent renovations to both complexes

>> Strong unit mix to accommodate many tenant profiles

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Sales Info:

>> Commision split: 3.0%