Greenwood Gardens

30 Unit Apartment Building | $2,350,000 ($78,333/Unit) | Greensboro, NC 27401

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $2,350,000

Property Type
Multifamily
Square Feet
22,505 SF

Listing Contacts

Mike Siciliano
Mike Siciliano
Verified Profile
  • Property Info

Property Overview

ONLY $78K PER UNIT & 9.7% PROFORMA CAP for 30-unit multifamily just outside downtown Greensboro, NC!

Property Details

Class
C
Year Built
1966
Stories
1
Lot Size (sq. ft)
99,752 SF
Units
30

Highlights

  • ONLY $78K PER UNIT & 9.7% PROFORMA CAP for 30-unit multifamily just outside downtown Greensboro, NC
  • Over 20% average rental upside based on local rent comps for 2-BR units offers outstanding value-add investment opportunity
  • 27 of the 30 units have been remodeled with LVP flooring, new cabinets, appliances, fixtures & updated bathrooms, plus all roofs & windows were replac

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