1722 Brice Street new to site Save Request In-Person Tour Request Virtual Tour
Greensboro,NC 27403
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 11,520 sqft
Price per Sqft $115
Subdivision Not In A Subdivision
MLS Listing ID 10122059
Style Multi Family
Bedrooms 24
Full Baths 24
Year Built 1990
Annual Tax Amount $10,654
Lot Size 1.210 Acres
Property Sub-Type Apartment
Property Description
This 12-unit, 24-bedroom property is located within walking distance to the University of North Carolina at Greensboro and within minutes of multiple retail, dining, entertainment and employment centers. The property features identical two-bedroom and two-bathroom units that were last renovated in 2017. Ownership just completed an operational conversion from by-the-bed leases, to by-the-unit leases. The property is now 100% leased with an average rent of $1,125 per unit.
With units now leased by-the-unit, a buyer will benefit from simplified operations on a go-forward basis and has the opportunity to push rents and capture utility income next summer. The offering represents a great opportunity to acquire a stabilized asset, with income upside, in one of North Carolina's growing markets.
Location
State NC
County Guilford
Interior
Heating Central,Heat Pump
Cooling Central Air
Flooring Concrete,Vinyl,Plank
Exterior
View Y/N Yes
Roof Type Shingle
Building
Story 2
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction No
Others
Special Listing Condition Standard