12 UNITS IN GREENSBORO, NC

SOLD 11/19/25 FOR $1,300,000
$108,333 per unit

Deaton is pleased to present, as the exclusive listing broker for the seller, Elevation Station at 1722 Brice Street in Greensboro, N.C. 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.

Utilities notes – The current owner pays $29 per unit, per month, for cable and internet and charges tenants back at a rate of $35 per unit, per month. Water and sewer is currently paid by the owner with no bill-back in place. The property has polybutelene plumbing.

CLICK HERE FOR 1722 BRICE OFFERING