CAMPUS EAST, 144 STUDENT BEDS – GREENSBORO, NC

Price:

$4,100,000

Status:

Available

Address:

201 Holt Ave, Greensboro, NC 27405, USA

Overview:

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. As of September 2018, the property is 99% leased for the 2018-19 school year. This presents an opportunity to acquire a stabilized and well-maintained asset, with upside.

 

Unit Information

UnitTypeSizeRent
36 UNITS4 BD/4 BA1,125 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 Owner Financing NONE
Utilities PAID BY OWNER Appliances RANGE, REFRIGERATOR, DISHWASHER, MICROWAVE, WASHER/DRYER
Legal Description Lot # CAMPUS EAST APARTMENTS Zoning RM-18