HOWARD STREET 906 – 60 UNITS NEAR GREENSBORO, NC
SOLD: 4/25/2024
PRICE: $4,950,000 or $82,500 per unit
Purpose-Built Student Housing Portfolio
60-Unit, 180-Bed Student Asset Serving the University of North Carolina Greensboro; Scattered Site Portfolio Consisting of 4 Properties Built in 1991 and Renovated in 2017
Value-Add Opportunity
In-Place Rents Significantly Below Market Rents; Renovate Units to Increase Rents
Desired Student Housing Floor Plans & Features
Mix of 2-, 3-, and 4-Bedroom Units with Average Size of 988 SF; Units feature Designer Kitchens, Full-Size Washers & Dryers, Private Deck/Patio, and Upgraded Fixtures and Appliances in Select Units
Strong Market Positioning
Minutes from UNC Greensboro Campus; Premier Brice Street Area; Convenient Access to Cafes, Bars, Restaurants, and Shops on Spring Garden Street
UNIT INFORMATION
| Unit | Type | Size | Rent |
|---|---|---|---|
| 920 Highland - 12 UNITS (24 BEDS) | 2 BR/2BA | AVG 830 SF | AVG $1,201 |
| 1722 Brice - 12 UNITS (24 BEDS) | 2 BR/2BA | AVG 830 SF | AVG $1,212 |
| 906 Howard - 12 UNITS (36 BEDS) | 3 BR/2BA | AVG 1,080 SF | AVG $1,283 |
| 1712 Brice - 24 UNITS (96 BEDS) | 4BR/2BA | AVG 1,100 SF | AVG $1,500 |
PROPERTY INFORMATION
| Lot Size | 4.54 |
| Year Built | 1991 |
| Exterior | BRICK, VINYL, PAINTED STUCCO, VINYL TRIM |
| Foundation | CONCRETE SLAB |
| HVAC | INDIVIDUALLY CLIMATE CONTROLLED UNITS |
| Utilities | OWNER PAYS HOT WATER, WATER/SEWER ARE MASTER-METERED |
| Sold Date | 2024-04-25 |
Agent Information Thomas T Furlow
Location Map
HOWARD STREET 906 – 60 UNITS NEAR GREENSBORO, NC