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East Florida & McKnight

407 E Florida Street, Greensboro NC 27406

$ 3,600,000

East Florida & McKnight

407 E Florida Street, Greensboro NC 27406
IMG_7186
Asset Type
Garden Apartments
Price
$ 3,600,000
Per Unit
$ 85,714
Total Units
42
Year Built
1967 ~ 1973
Market
Piedmont-Triad
Status
Draft

Highlights

TWO-PROPERTY PORTFOLIO WITH 42 TOTAL UNITS located in the highly desirable Greensboro NC market
ONLY $85K PER UNIT & OVER 9% PROFORMA CAP offers outstanding value-add opportunity in a strong rental market
NEARLY 20% AVERAGE RENTAL UPSIDE based on local rent comps for 2-BR units at similar properties
EXTREMELY STRONG GROWTH MARKET as Greensboro continues to see rents and property values continue to rise
READY FOR NEW OWNER TO CAPITALIZE by bringing both of these multifamily assets up to their true potential

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Financials

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Contact

TeamMembers-WayneBraren-Color-340x340

Wayne Braren

  • Co-Founder
  • Apartment Core
919-861-9730
Wayne@ApartmentCore.com
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TeamMembers-MikeSiciliano-Color-340x340

Mike Siciliano

  • Co-Founder
  • Apartment Core
919-861-9730
Mike@ApartmentCore.com
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TeamMembers-EricPagnozzi-Color-340x340

Eric Pagnozzi

  • Investment Broker
  • N Carolina
919-861-9730
Eric@ApartmentCore.com
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Unless otherwise specified, APARTMENT CORE represents the Seller exclusively in accordance with the following disclosure:
North Carolina Working with Real Estate Agents Disclosure - For Buyers
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Unless otherwise specified, APARTMENT CORE represents the Seller exclusively in accordance with the following disclosure:
North Carolina Working with Real Estate Agents Disclosure - For Buyers