CAMPUS EAST, 144 STUDENT BEDS – GREENSBORO, NC

PRICE:
$ 3,400,000
STATUS:
Sold
ADDRESS:
201 Holt Ave, Greensboro, NC 27405, USA
OVERVIEW:

SOLD 8/9/19 FOR $3,400,000

Deaton was the seller’s exclusive listing agent in this transaction.

Built in 2008, Campus East offers 36, four-bedroom and four-bathroom units located 1.5 miles east of North Carolina A&T. The campus of A&T is home to more than 10,000 students and 2,000 employees. This purpose-built, student housing community is professionally managed by Burkely Communities and operates all 144 bedrooms with a by-the-bed leasing model. The property is 96% leased through the 2018-19 academic year. Leasing for the 2019-20 academic year is well-ahead of historical trends. This presents an opportunity to acquire a stabilized, well-maintained, student asset with improving rents.

Link To Tax Records
UNIT INFORMATION
Unit Type Size Rent
36 UNITS 4 BD/4 BA 1,125 SF $375 AVG. PER BED
PROPERTY INFORMATION
PIN 7874-89-1240
Tax Value $2,840,600
Taxes $38,717.38
Lot Size 2.61 ACRES
Year Built 2008
Exterior VINYL, BRICK
Floors LVT, VINYL, CARPET
Foundation SLAB
HVAC CENTRAL AIR, HEAT PUMP
Utilities PAID BY OWNER
Legal Description Lot # CAMPUS EAST APARTMENTS
Appliances RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER/DRYER
Sold Date 2019-08-09
Zoning RM-18

Location Map

CAMPUS EAST, 144 STUDENT BEDS – GREENSBORO, NC
Address: 201 Holt Ave, Greensboro, NC 27405, USA Price: $ 3,400,000 Unit: 36