1400 Iris Circle & 3400 Evans St • Greenville, NC 27858

Year Purchased: 2022
Purchase Amount: $8,125,000.00
Equity: $3,017,000.00

Azalea Gardens and Willoughby Park were purchased as a portfolio in May 2022. Azalea Gardens, built in 1979, is a 48-unit villa-style community, consisting of all one-bedroom apartments. It is located at 1400 Iris Circle and is surrounded by other residential homes and duplexes, which are transacting at over $150,000 per dwelling. Willoughby Park, built in 1985, is a 48-unit apartment community evenly split between one, two and three-bedroom units. It is located at 3400 Evans Street and is surrounded by other apartments and condominiums, which are transacting at over $140,000 per unit.