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Greenwood Gardens

904 Lowdermilk Street, Greensboro NC 27401

$ 2,825,000

Greenwood Gardens

904 Lowdermilk Street, Greensboro NC 27401
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Asset Type
Garden Apartments
Price
$ 2,825,000
Per Unit
$ 94,167
Total Units
30
Year Built
Built 1966 / Renovated 2024-2025
Market
Piedmont-Triad
Status
Available

Highlights

PRICE REDUCED ON 30-UNIT MULTIFAMILY just outside downtown Greensboro, North Carolina
OVER 20% AVERAGE RENTAL UPSIDE based on local rent comps for 2-BR units
27 OF THE 30 UNITS WERE REMODELED with new LVP flooring, cabinets, appliances, fixtures and updated bathrooms
ALL ROOFS & WINDOWS WERE REPLACED within the last several years, plus all new parking lots
READY FOR NEW OWNER TO CAPITALIZE by updating the remaining 3 units and pushing rents to market level

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Financials

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Location

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