Multifamily Property for Sale in Greensboro, NC

  • Price: $350K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Greensboro, NC 27405
  • Size: 3,790 SF
  • Year built: 1962

Description

A distressed multifamily property with potential for value addition. It comprises a total of 5 units. Two of these units are currently leased on a month-to-month basis at a rate of $950 per month. The remaining three units are vacant and have been updated with new flooring, windows, and paint. Tenants are responsible for their electric bills, (Individually metered) while the owner covers the costs of water, sewer, and trash services. The owner has indicated that no T-12 or rent rolls are available. The market rent is conservatively estimated at $1045 per month for each unit. Rent comps in documents and can be provided. Building SF: 3790 | Land Size: 0.61 Ac | Year Built: 1962 | Listing Type: FOR SALE

Market Context

This multifamily in Greensboro, NC is listed for sale at $350,000 across 3,790 SF. The building dates to 1962. It has been on the market for 38 days. Compare it against other multifamily listings for sale in Greensboro, NC — <a href="/search/sale/multifamily/north-carolina/greensboro">view the full market</a>.

As of Q4 2019, the Greensboro / Winston-Salem multifamily market showed average asking rents near $1913.00/unit/mo, and rents up 0.3% year over year. Source: Cushman & Wakefield Q4 2019 market report.

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