20 UNITS IN DOWNTOWN GREENSBORO

Price:

$2,100,000

Status:

Sold

Address:

1104 W Friendly Ave, Greensboro, NC 27401, USA

Overview:

SOLD 10/8/20 FOR $2,050,000

This offering of 20 units, located within walking distance of downtown Greensboro and The University of North Carolina at Greensboro (UNCG), is comprised of sixteen units at 1104-1110 W. Friendly Avenue (known as The Gas Light Apartments) and four units at 206 N. Mendenhall Street. The properties are located one block from each other on opposite sides of the First Baptist Church campus. The owner recently renovated units which feature hardwood floors, stainless steel appliances, new kitchen cabinets, updated fixtures and more. This is an excellent opportunity to acquire a stabilized asset in an established sub-market.

Unit Information

UnitTypeSizeRent
4 UNITS - 1110 W. FRIENDLY2 BD/1 BA, SHARED LAUNDRY790 SF$950 MKT
8 UNITS - 1106 & 1108 W. FRIENDLY1 BD/1 BA, INCLUDE WASHER/DRYER650 SF$850 MKT
4 UNITS - 1104 W. FRIENDLY1 BD/1 BA, SHARED LAUNDRY650 SF$799 MKT
4 UNITS - 206 N. MENDENHALL2 BD/1 BA, INCLUDE WASHER/DRYER1,090 SF$1,015 MKT

Property Information

PIN 7864270012, 07864178054, 7864279038 Tax Value $1,243,600
Taxes $17,323 Lot Size .45, .47, AND .20 ACRES
Year Built 1940, 1925 Exterior BRICK, WOOD
Floors HARDWOOD, TILE Foundation BASEMENT
HVAC CENTRAL AIR, HEAT PUMPS OR GAS HEAT Owner Financing NONE
Utilities OWNER PAYS WATER AND DUMPSTER Appliances RANGE, REFRIGERATOR, DISHWASHER*, STACK WASHER & DRYER* (*ONLY IN SOME UNITS)
Legal Description GAS LIGHT APTS/W FRIENDLY, 206 N MENDENHALL ST Zoning RM & RS-7