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Greenwood Gardens 904 Lowdermilk St 30 Unit Apartment Building $4,252,600 CAD ($141,753 CAD/Unit) Greensboro, NC 27401
Investment Highlights
- RENOVATED MULTIFAMILY WITH 30 UNITS just outside downtown Greensboro, North Carolina
- 27 OF THE 30 UNITS WERE REMODELED with new LVP flooring, cabinets, appliances, fixtures and updated bathrooms
- READY FOR NEW OWNER TO CAPITALIZE by updating the remaining 3 units and pushing rents to market level
- OVER 20% AVERAGE RENTAL UPSIDE based on local rent comps for 2-BR units
- ALL ROOFS & WINDOWS WERE REPLACED within the last several years, plus all new parking lots
Executive Summary
RENOVATED MULTIFAMILY WITH 30 UNITS just outside downtown Greensboro, North Carolina!
Property Facts
| Price | $4,252,600 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $141,753 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.29 AC |
| No. Units | 30 | Building Size | 22,505 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1966 |
| Zoning | R-5 | ||
| Price | $4,252,600 CAD |
| Price Per Unit | $141,753 CAD |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.29 AC |
| Building Size | 22,505 SF |
| No. Stories | 1 |
| Year Built | 1966 |
| Zoning | R-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 30 | - | 750 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0021160 | Improvements Assessment | $1,460,225 CAD |
| Land Assessment | $247,915 CAD | Total Assessment | $1,708,140 CAD |
Property Taxes
Parcel Number
0021160
Land Assessment
$247,915 CAD
Improvements Assessment
$1,460,225 CAD
Total Assessment
$1,708,140 CAD
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Greenwood Gardens | 904 Lowdermilk St
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