University Edge and Dickinson Lofts | 550 Pitt-Greene Connector
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University Edge and Dickinson Lofts 550 Pitt-Greene Connector
165 Unit Apartment Building For Sale Greenville, NC 27834
Investment Highlights
- Top Performing Property: 95.7% Pre-Lease Rate 2024-25 SY; 95% Average Occupancy Rate Over Last 4 Years
- Prime Location in Greenville: County Seat of Pitt County; Regional Hub for Education, Healthcare and Commerce in Eastern North Carolina
- Student Enrollment: 26,000+ Students Enrolled at East Carolina University over the Past 10 Years
- Diverse Unit Mix: Studio, One-, Two-, Three- and Four Bedroom Units; Options for Students to Choose From
- Proximity to Campus: Walk (10 Minutes) or Ride (4 Minutes) to East Carolina University Campus
- Demand for Off-Campus Housing: 76% of Students Live Off Campus
Executive Summary
University Edge and Dickinson Lofts (“UEDL”) is a purpose-built, off-campus student housing property located within blocks of East Carolina University and the vibrant and walkable Uptown District in Greenville, North Carolina. Completed in 2018, UEDL is a five-story, 252,565± square-foot, mid-rise property housing 165 units and 437 beds with abundant property and amenities. UEDL offers a generous mix of studio, one-, two, three-, and four-bedroom units. The units feature 9'-10' ceilings, in-unit washers and dryers, and full kitchens with granite countertops and stainless-steel appliances. Further, the units are fully furnished and feature private bathrooms in every bedroom and controlled access. Residents enjoy access to the common areas and amenities including an outdoor deck with a fire pit, a fitness facility, study lounges, a computer lab, a social lounge with a game room, and a heated pool and sundeck. The property is 95.7% leased for the 2024-25 school year.
East Carolina University is a well-recognized university in Greensville with an enrollment of over 26,000 students for the 2023 school year (ECU Fact Book). The University offers approximately 5,300 on-campus beds (ECU Housing) leaving roughly 20,700 students searching for off-campus housing. ECU is particularly renowned for its health sciences programs. The Brody School of Medicine is well-respected for producing primary care physicians, especially for rural and underserved areas. The University offers over 270 academic programs, 85 bachelor’s degree areas, and 65 master’s degrees. ECU’s 1,600-acre campus is centrally located within the city of Greenville.
University Edge and Dickinson Lofts offer an optimal investment opportunity for qualified investors.
East Carolina University is a well-recognized university in Greensville with an enrollment of over 26,000 students for the 2023 school year (ECU Fact Book). The University offers approximately 5,300 on-campus beds (ECU Housing) leaving roughly 20,700 students searching for off-campus housing. ECU is particularly renowned for its health sciences programs. The Brody School of Medicine is well-respected for producing primary care physicians, especially for rural and underserved areas. The University offers over 270 academic programs, 85 bachelor’s degree areas, and 65 master’s degrees. ECU’s 1,600-acre campus is centrally located within the city of Greenville.
University Edge and Dickinson Lofts offer an optimal investment opportunity for qualified investors.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 165 | Lot Size | 1.90 AC |
| Property Type | Multifamily | Building Size | 252,566 SF |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid Rise | Year Built | 2017 |
| Sale Type | Investment |
| No. Units | 165 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 1.90 AC |
| Building Size | 252,566 SF |
| No. Stories | 5 |
| Year Built | 2017 |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Freezer
- Handrails
- Patio
- Recreation Room
- Trash Compactor
- Vinyl Flooring
- Warming Drawer
- Wheelchair Accessible (Rooms)
- Window Coverings
- Large Bedrooms
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Tenant Controlled HVAC
- Furnished Units Available
- Gameroom
- Grill
- Media Center/Movie Theatre
- Renters Insurance Program
- Walking/Biking Trails
- Storage Space
- Bicycle Storage
- Elevator
- Hearing Impaired Accessible
- Lounge
- Maintenance on site
- Multi Use Room
- Online Services
- Sundeck
- Vision Impaired Accessible
- Individual Locking Bedrooms
- Private Bathroom
- Roommate Matching
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | - | 427 |
| 1+1 | 35 | - | 625 - 707 |
| 2+2 | 39 | - | 901 - 989 |
| 3+3 | 1 | - | 1,436 |
| 4+4 | 77 | - | 1,554 - 1,598 |
Walk Score ®
Very Walkable (87)
zoning
| Zoning Code | CD |
| CD |
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University Edge and Dickinson Lofts | 550 Pitt-Greene Connector
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