Greenwood Gardens

904 Lowdermilk Street, Greensboro NC 27401

$ 2,350,000

Greenwood Gardens

904 Lowdermilk Street, Greensboro NC 27401
Asset Type
Garden Apartments
Price
$ 2,350,000
Per Unit
$ 78,333
Total Units
30
Year Built
Built 1966 / Renovated 2024
Market
Piedmont-Triad
Status
Available

Highlights

PRICE REDUCED TO ONLY $78K PER UNIT & 9% PROFORMA CAP for 30-unit multifamily just outside downtown Greensboro, NC
27 of the 30 units have been remodeled with LVP flooring, new cabinets, appliances, fixtures & updated bathrooms, plus all roofs & windows were replaced within last several years
Great value-add opportunity by updating the remaining 3 units, adding curb appeal to enhance the property's appearance and getting all rents to market level
Can be delivered free and clear, or with assumable loan at 4.33% interest rate (see Assumable Loan Summary)
Don't miss out on this rare opportunity to acquire multifamily in the heart of Greensboro NC for under $80k per unit with strong upside

Photos

Financials

Please Login to view documents and financials.  If you need a Login, CLICK HERE
Need a Login? Click Here   |   Forgot Password? Click Here

Location

Contact

TeamMembers-WayneBraren-Color-340x340

Wayne Braren

919-861-9730
Wayne@ApartmentCore.com
TeamMembers-MikeSiciliano-Color-340x340

Mike Siciliano

919-861-9730
Mike@ApartmentCore.com
TeamMembers-EricPagnozzi-Color-340x340

Eric Pagnozzi

919-861-9730
Eric@ApartmentCore.com

Login

Need a Login? Click Here   |   Forgot Password? Click Here

MAKE AN OFFER

Submit a non-binding offer using the form below and let’s make a deal happen!

Property *
Your Name *
Company
Phone *
Email *
Price *
Earnest Money *
Non-Refundable Money
Financing Contingency *
Due Diligence Timeframe *
Closing Timeframe *
Background & Qualifications *